Jon Gruden won’t be hurting for money any time soon.
On Friday afternoon it was reported the Jon Gruden will be introduced as the next head coach of the Oakland Raiders early next week. Minutes later, Gruden’s contract details were leaked by ESPN’s Adam Schefter and NFL Network’s Ian Rapoport.
Before we reveal those details, we’ll preface this story with this: Jon Gruden hasn’t coached a team since 2008. That means by the time Gruden leads the Raiders onto the field in 2018, it will have been 10 years since Gruden was the head coach of an NFL team.
With that being said, it’s time to reveal the contract details. Beware: Money envy might ensure.
Raiders are giving new head coach Jon Gruden a 10-year contract, the longest coaching deal in NFL history, sources tell ESPN. The deal is likely to be worth about $100 million.
— Adam Schefter (@AdamSchefter) January 5, 2018
Gruden will earn $10 million per year, for 10 years as the Raiders head coach. Naturally, the figures led to some interesting responses, ranging from “he’s worth it” to “what are they thinking?” New Orleans Saints head coach Sean Payton and Pete Carroll are currently the highest-paid coaches at $8 million annually.
After not coaching for a decade, Gruden steps back into the NFL as the league’s highest-paid coach. Gruden owns a 95-81 overall record during his 11 seasons as a head coach, with a Super Bowl victory in hand as well.
The Raiders move to Las Vegas will likely increase the franchise’s worth, and the team isn’t afraid to spend money, except on a stadium – the team received $750 million in public funding for a stadium in Las Vegas. Oakland went all-in on quarterback Derek Carr, signing him to a 5-year, $125 million deal.
Is Gruden worth a 10-year, $100 million contract? Is anyone?