Roger Goodell signed a five-year contract extension to remain the commissioner of the NFL, according to a memo sent to league owners from the compensation committee on Wednesday.
ESPNâs Adam Schefter reported, citing a source, that Goodellâs contract is expected to pay him about $40 million per year and includes incentives.
Darren Rovell, also of ESPN, reported the 5-year deal could be worth twice as much annually as the first 10 years that Goodell was commissioner, during which he made $212.5 million.
Goodell, 58, has earned more than $200 million since he was elected NFL commissioner in 2006, succeeding Paul Tagliabue.
Goodell first joined the league as an intern back in 1982.
âOur Committee unanimously supports the contract and believes that it is fully consistent with âmarketâ compensation and the financial and other parameters outlined to the owners at our May 2017 meeting, as well as in the best interests of ownership,â the memo said.
âWe are pleased to report that there is a nearly unanimous consensus among the ownership in favor of signing the contract extension now.â
Goodellâs new deal, which runs through 2024, had been a contentious issue throughout the 2017 season.
Dallas Cowboys owner Jerry Jones recently threatened to sue the NFL if the extension is approved before rescinding that threat.
The six-member compensation committee, headed by Atlanta Falcons owner Arthur Blank, was granted permission to negotiate the extension on behalf of the leagueâs 32 owners.
Jones was removed as a non-voting seventh member of the committee after his threat of a lawsuit.
Blank told The MMQB that he spoke with Jones recently and that the Cowboys owner âunderstands the contract and how we got here.â
As for the deal itself, Blank is thrilled that itâs done.
âIâm happy that itâs over. I was just telling Roger that, in the history of the NFL, Iâm not sure a big decision has been so transparent as this one,â Blank told The MMQB.
âWe got a lot of input from a lot of owners, a lot of guidance from them, and we feel very good about what developed out of that.â
Goodellâs extension would keep him in place through the leagueâs negotiations for its next collective bargaining agreement with the playersâ union and its next set of television contracts.