Mike Klis of the DENVER POST reports that Mike Shanahan has agreed to become the next head coach of the Washington Redskins.
Shanahan is expected to sign a five-year deal worth about $7 million a year, with the Redskins making the official announcement on Wednesday.
The move is also good news for Denver Broncos owner Pat Bowlen, who expects to save $7 million for himself.
From the Post:
The Broncos will pay approximately $3.5 million each in 2010 and 2011 to essentially have Shanahan coach the Redskins. Then again, Bowlen will also save roughly $3.5 million each of the next two years now that their former coach is no longer unemployed.
Shanahan had three years left on his remaining contract when Bowlen fired him at the end of the 2008 season.