Mike McCarthy is set to become one of the 10 highest-paid coaches in the league according to Bob McGinn of the Milwaukee Journal Sentinel:
Sources with knowledge of the negotiations said McCarthy's new contract will average about $5 million per year.
In January, the club commenced negotiations with Trace Armstrong, the former Pro Bowl defensive end and ex-president of the NFL Players Association who has replaced Gary O'Hagan as McCarthy's agent. Armstrong works for CAA Sports.
The negotiations with the 47-year-old McCarthy also center on a three-year extension that will carry him through 2015. After five years, he has a record of 53-34 for a winning percentage of .609.
The deal will keep McCarthy in Green Bay through the 2015 season. (Incidentally, quarterback Aaron Rodgers is signed through 2014) Over that time, $5 million dollars a year for a Super Bowl winning coach who will most likely have the Packers in contention for a title year in and year out will seem like a steal.
Like most deals that Ted Thompson makes, this is a great deal for the Packers.