McCarthy Inks 5-Year Extension

Posted by Stephen Rhodes on January 19th, 2008 filed in News

                       

It was really a matter of when as opposed to if - this meaning the possibility of Green Bay Packers head coach Mike McCarthy signing a long-term extension with the team.  Pete Dougherty of the Green Bay Press-Gazette reports that McCarthy has agreed in principle to a 5-year extension as head coach of the Packers; however, he has put off signing the deal until next week so there’s no distraction for the team during their game vs. New York.

A source who is familiar with the negotiations said McCarthy’s new deal replaces his old one (one year remaining, $2 million/year) with a 5-year deal  that averages around $4 million per year.  Packers general manager Ted Thompson and McCarthy began negotiations earlier this month and reached parameters on the deal last week; both sides reached agreement on the details this week, and McCarthy will sign the deal after the Packers play the New York Giants.