Jon Gruden is no longer the coach of the Raiders. He resigned Monday night after emails he sent between 2011 and 2018 – which contained racist, homophobic and misogynistic language – leaked to the media.
“I resigned my job as head coach of the Las Vegas Raiders. I love the Raiders and I don’t want to be a distraction. Thank you to all Raider Nation players, coaches, staff and fans. I’m sorry, I never meant to hurt anyone. “
MORE: Jon Gruden’s Resignation, Explained – Emails That Brought Him To Leave Raiders
Gruden initially made his return to training with the Raiders in 2018. He returned to the franchise which gave him his first opportunity as NFL head coach to work with Derek Carr, to fix the lackluster offense. team and help navigate a possible move to Las Vegas.
He was also paid generously to do so, as the Raiders awarded him the richest coaching contract in coaching history to leave the “Monday Night Football” booth.
What will happen to Gruden’s contract now? Here’s everything you need to know about the status of his mega-deal after his resignation.
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Jon Gruden’s contract details
Gruden signed a 10-year contract worth $ 100 million when the Raiders hired him in 2018. It is the richest coaching contract in NFL history by value. total contract.
However, Gruden’s average annual contract value ranked third among current NFL coaches entering the 2021 NFL season. Patriots coach Bill Belichick ($ 12.5 million) and Seahawks coach Pete Carroll ($ 11 million) both earned more in 2021.
The Gruden agreement also included a no-trade clause. He was traded from the Raiders to the Buccaneers at the end of his first stint with the Raiders in 2001. The Raiders received two first-round picks, two second-round picks and $ 8 million in cash in exchange for Gruden, who signed a five-year, $ 17.5 million contract with the Buccaneers.
Tampa Bay defeated Oakland in the 2002 Super Bowl in Gruden’s first year at the helm of the Buccaneers.
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What will happen to Jon Gruden’s contract after he resigns?
The remaining balance of Gruden’s deal will be canceled following his resignation, as reported by The Athletic’s Tashan Reed.
Both the NFL and ESPN reported that #Raiders Coach Jon Gruden has resigned. Obviously, that would mean he forfeits the remainder of the 10-year, $ 100 million contract he signed in 2018.
– Tashan Reed (@tashanreed) 12 October 2021
Gruden was in the fourth year of his contract with the Raiders. He would have had six years and $ 60 million left on his contract after the 2021 NFL season, so he will be missing at least a large chunk of his record-breaking contract.
It’s unclear how much of Gruden’s $ 10 million salary for 2021 had already been paid, but he will likely lose the remaining balance as well.