Jon Gruden is the new head coach of the Oakland Raiders. According to multiple reports Jan. 5, the team is giving Gruden a 10-year deal worth approximately $100 million.
The Raiders reportedly are expected to introduce Gruden, 54, as their new head coach at a news conference Jan. 9.
Sean Payton of the New Orleans Saints and Pete Carroll of the Seattle Seahawks are the league's highest-paid coaches, each with a salary of $8 million. New England Patriots coach Bill Belichick, the winner of five Super Bowls, is third ($7.5 million).
Gruden, who coached the Raiders from 1998 to 2001 and has been working as an ESPN analyst, is returning to the team to replace Jack Del Rio, who was fired after the regular-season finale on Dec. 31.
Gruden reportedly will become the 12th NFL head coach since 1960 to have multiple stints with one team, and the 16-year gap between jobs with the Raiders is the largest in league history for a head coach with the same team.
He had a regular-season record of 38-26 during his first stop with the Raiders and went 2-2 in two postseason appearances prior to being traded to the Tampa Bay Buccaneers for two first-round picks, two second-round picks and $8 million in 2012.
Gruden won Super Bowl XXXVII in his first season with Tampa Bay, and he has a career 95-81 record in the regular season while going 5-4 in the postseason.
In a related development, prospective Raiders offensive coordinator Greg Olson, defensive coordinator Paul Guenther and special teams coordinator Rich Bisaccia reportedly will receive four-year deals.