Report: Gruden's contract worth over $20 million guaranteed

Report: Gruden's contract worth over $20 million guaranteed
January 19, 2014, 11:45 am
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The Redskins evidently wanted to make sure that Jay Gruden did not leave Redskins Park last week without a deal to become their new head coach.

According to Jason La Canfora of CBS Sports, the Redskins went above and beyond what teams have traditionally done in regards to the length of a contract for a first-time head coach. Usually a coordinator or other coach moving up into a head job gets a three- or four-year contract, sometimes with a team option for an additional season.

The Redskins gave Gruden, who was the Bengals’ offensive coordinator a full five-year deal, fully guaranteed for the duration. The annual compensation, which is in excess of $4 million per season, is on the high side for a first-time head coach but not out of line. But the total guaranteed compensation of over $20 million over the course of the deal is almost certainly among the highest for any coach in Gruden’s situation.

If Gruden works out and the Redskins start to win, the deal will be a bargain. If not, it could be another expensive mistake for the organization.