Report: Giants' Coughlin to get 4-year, $21M extension

Tom Coughlin's expected new contract extension reportedly will make him one of the NFL's highest-paid coaches.

The New York Daily News reported Thursday that Coughlin will receive a four-year extension worth approximately $21 million from the Giants after leading New York to a Super Bowl victory over the Patriots. There are only minor details to be worked out and the newspaper reported that an official agreement could be announced as early as next week.

The $5.25 million per year average will put Coughlin only below Seattle's Mike Holmgren, who will make about $8 million in 2008 and New England's Bill Belichick, who signed an extension last season and was believed to make over $4 million per year in his earlier contract.

The newspaper reported that Coughlin was slated to make $3.5 million in 2008 but that contract will be discarded for this new extension, which will take the Giants coach through the 2011 season.