East Rutherford, NJ, United States (4E Sports) – Coach Rex Ryan has signed a multi-year contract extension with the New York Jets, tying him with the team at least through the 2016 season.
According to league sources, the deal carries huge incentives based on postseason wins. The Jets haven’t won a playoff game since the 2010 season. Ryan had one year remaining on a deal he reworked in 2010 worth about $3 million annually.
Ryan is 42-38 in five seasons, the second-highest winning percentage in Jets history. He also holds the franchise record with four postseason wins.
Aside from Ryan, the Jets have assistant coaches on expiring deals. They already lost their special-teams coach and are in danger of losing other assistants.
The Jets were 8-8 this season, but they exceeded expectations with a young roster devoid of Pro Bowl players. New York won three of its last four games and improved late in the season, especially under rookie quarterback Geno Smith.
In a letter sent to season-ticket holders, owner Woody Johnson praised Ryan despite the team’s “overall up-and-down 2013 performance.”
In his inaugural news conference in 2009, he predicted a Super Bowl. He came close, with trips to the AFC Championship Game in his first two seasons. But Ryan hasn’t been able to sustain the success, with the Jets going 8-8, 6-10 and 8-8 the past three seasons.