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Jon Gruden's 10-year deal with Raiders to approach $100M

Jon Gruden

He was sacked by the Buccaneers following the 2008 season and has been in the broadcast booth since.

Oakland Raiders head coach Jon Gruden in 2002.

Gruden, who began his head coaching career with the Raiders in 1998, will succeed Jack Del Rio, who was sacked following a season-ending loss to the Los Angeles Chargers that capped a disappointing 6-10 campaign.

Appearing on ESPN's Golic and Wingo (h/t Ryan Wilson of CBSSports.com) on Wednesday, Gruden confirmed he has spoken with Raiders owner Mark Davis regarding the opening and added, "I think there's a good chance", when asked about whether he would accept the job.

Gruden is said to have agreed to a 10-year deal worth more than $100 million with the team he coached from 1998-2001.

The 54-year-old native of Sandusky, OH has been out of the coaching ranks since the conclusion of the 2008 season.

According to ESPN Stats & Information, only three current Raiders players have a contract with an average annual value of at least $10 million - Derek Carr ($24.97 million), Kelechi Osemele ($11.7 million) and Gabe Jackson ($11 million). "Minority candidates were interviewed", National Football League executive vice president of communications Joe Lockhart said during a conference call Friday. "Minority candidates were interviewed and we will wait and see the decision they make".

NFL Analyst Jon Gruden will leave his microphone behind and head back to the sidelines to coach the Oakland Raiders, ESPN's Adam Schefter reports.