Updated: April 9, 2007, 4:07 PM ET
Shanahan signs three-year extension to stay in DenverESPN.com news services
DENVER -- Denver Broncos head coach Mike Shanahan signed a three-year contract extension, keeping him in Denver through the 2011 season, the team said Monday.
Shanahan was already the NFL's second longest-tenured coach with the same franchise, behind only Tennessee's Jeff Fisher, and the new deal will further extend his stay. He also holds the title of executive vice president and has near-absolute control of all football-related issues in the franchise.
Financial details of the extension were not available. Shanahan is believed to already have been one of the NFL's highest paid coaches, with a salary likely in excess of $5 million.
Negotiations had been ongoing during the offseason and both Shanahan and owner Pat Bowlen acknowledged during the recent NFL meetings in Phoenix that an extension was likely to be completed before the start of the regular season.
Shanahan, 54, led Denver to Super Bowl victories in 1997 and 1998. Since becoming head coach in January 1995, he has led the Broncos to seven playoff appearances and a 123-69 regular season record.
His victory total with Denver is 11th-best by one coach with one team in NFL history.
Shanahan was head coach of the Los Angeles Raiders from 1988-89 but has spent 20 years with Denver. He joined the team in 1984 and has served as wide receivers coach, quarterbacks coach and offensive coordinator.
Call em as I see em!