Roger Goodell has signed a five-year contract extension to remain commissioner of the NFL through 2024.
(Is this what "laughing all the way to the bank" looks like?)
A memo from the NFL's compensation committee to team owners aconfirms that Goodell and committee chairman Arthur Blank, owner of the Atlanta Falcons, have signed the extension, according to the Associated Press.
That extension has been a source of controversy because Dallas Cowboys owner Jerry Jones objected to the process.
All 32 owners approved in May the compensation committee's power to negotiate and sign a deal with Goodell, who replaced Paul Tagliabue in 2006.
Since then, the league's total revenues have more than doubled to over $13 billion.
The contract is allegedly incentive-laden and worth almost $200 million, with a base of $40 million.
Among those incentives are continued increases in revenues, stable or rising television ratings, a new labor agreement with the players — the NFL-NFL Players Association deal expires in 2021 — and how much the NFL gets in rights fees when it renews its broadcast contracts.
"Our committee unanimously supports the contract and believes that it is fully consistent with 'market' 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," Blank wrote in the memo.