Report: Roger Goodell signs five-year NFL contract extension

Report: Roger Goodell signs five-year NFL contract extension

Roger Goodell has signed a five-year contract extension with the National Football League (NFL) to remain commissioner, according to US media reports.

ESPN reports that the agreement could be worth up to US$200 million over its duration and will last until the end of 2023.

The NFL’s compensation committee informed the league’s 32 owners on Wednesday via a letter: ‘We are pleased to report that there is a nearly unanimous consensus among the ownership in favour of signing the contract extension now.’

The team leaders had voted in May to extend Goodell’s contract and given the compensation committee the authority to finalise the agreement.

Goodell, who has led the NFL since 2006, is believed to have earned US$212.5 million since being elected as commissioner.

The base salary of the new contract is in the single-digit millions, ESPN adds, with around 85 per cent of the compensation liable to be withheld if a series of financial targets are not met.

The 58-year-old has overseen a period of rapid revenue growth by the NFL, the launch of the Thursday Night Football franchise and expansion into international markets.

The news comes after Jerry Jones, the Dallas Cowboys owner, had threatened the NFL with a lawsuit over the league’s handling of the suspension of Cowboys running back Ezekiel Elliott. Jones dropped the threat in November.