Jets Sign HC Rex Ryan To A Multi-Year Extension

Update:

Rex Ryan signs contract extension with Jets. Terms of contract not disclosed.  pic.twitter.com/OGUvczLUM7

— New York Jets (@nyjets) January 16, 2014

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ESPN’s Adam Schefter reports that the Jets have reached agreement on a multi-year extension with head coach Rex Ryan.

• Mike Garafolo confirms that the two parties have agreed to an extension.
• Schefter adds that Ryan’s deal could keep him in New York “for at least three years.“
• Pro Football Talk mentions that there is a chance that this deal could be a “band-aid” contract that prevents him from being a “lame duck” coach.
• Ian Rapoport reports that souces have informed him that Ryan’s new deal allows the Jets the option to get out of the contract early.
  • A source told Rapoport referred to Ryan’s deal as “window dressing.”
  • Rapoport adds that this deal give the Jets the short-term extension they wanted, while it appears as though Ryan gets his long-term extension.
• Brian Costello of the New York Post reports that the Jets can opt out of Ryan’s contract it without much difficulty after the 2015 season.

Towards the end of the season, there was some question as to whether or not Ryan would be retain for another year, but team owner Woody Johnson announced that they were sticking with Rex. The Jets elected to give Ryan a one-year extension that kept him under contract through the 2015 season at $3.3 million.

It now appears as though the Jets have made the determination that Rex will be their coach long-term, despite some of the struggles that the team has gone through in recent years.

Ryan is still regarded as one of the best coaches in the league and would almost certainly find another opportunity if he were to become available. Woody Johnson is a big Rex supporter, so it’s not exactly shocking to them commit to him long-term.