Jon Gruden Officially Announced as New Raiders Head Coach

Reggie McKenzie Raiders

A person with knowledge of the team's plans said the Raiders are planning a news conference Tuesday to announce that Gruden is leaving the broadcast booth to come back to coaching.

Gruden had said earlier Saturday during a national broadcast of the AFC wild-card game between the Titans and Chiefs in Kansas City that nothing was official.

The team reportedly offered Gruden an ownership stake in the team if he accepted the coaching position, but who needs an ownership stake when you can have $100 million in cold, hard cash instead? He last coached the Tampa Bay Buccaneers in 2008.

By noting that nothing was official yet, Gruden is pretty much confirming that he will be the Raiders' next head coach. He added fuel to the fire this summer when he talked about the prospect of coming back to coach with PewterReport.com, a Tampa Bay Buccaneers news site.

In his 11 years of coaching, Gruden compiled a 95-81 record, including a Super Bowl championship with the Bucs during the 2012 season. It is the longest coaching deal in the history of the league, per a report from ESPN. "We congratulate you as you head back to the sidelines with the Raiders".

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Gruden, 54, is set to return to coaching after an absence of almost a decade.

The Raiders extended Derek Carr's contract last summer, paying the two-time Pro Bowl quarterback $125 million over five seasons.

He spent his first four seasons as a head coach with the Raiders and went 38-26 with two playoff appearances from 1998 through 2001. In fact, Cincinnati has been one of the most frequent sources to find first-time head coaches over the past decade.

"I'm Sean McDonough along with the coach, Jon Gruden". Shell went 2-14 that season and was sacked after one year.

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