This article is more than 2 years old

This article is more than 2 years old

NFL commissioner Roger Goodell has signed a five-year contract extension, ending an extended standoff with Dallas Cowboys owner Jerry Jones, who had publicly voiced opposition to the pact.

Pro Football Talk was first to report the news of Goodell’s extension, which is said to be worth roughly $200m over five years.

The NFL’s compensation committee informed the league’s 32 owners on Wednesday that a “binding contract extension” had been signed with a “nearly unanimous consensus” in favor of finalizing the deal.

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While Goodell’s approximate annual salary of $40m is in line with his current contract, the New York Times reports that nearly 90% of the potential compensation may be withheld if a series of financial targets are not met.

The extension comes at a time when the NFL has been dogged by an array of problems including falling television ratings, mounting player safety issues and a wave of national anthem protests that have divided audiences and incurred the wrath of the president of the United States.

But Goodell, 58, has also overseen rapid revenue growth since he succeeded Paul Tagliabue as the NFL’s top executive in 2006, with the league expected to generate $14bn this year alone. Other accomplishments include the launch of the Thursday Night Football franchise and further expansion into international markets, most notably with a growing series of overseas games in the United Kingdom.

Jones spoke out against Goodell’s extension starting in August after the commissioner suspended Cowboys star running back Ezekiel Elliott for his role in a domestic violence case, although Jones denied his dissent had anything to do with the punishment.

Once Elliott’s legal appeals were finally exhausted, Jones threatened to sue the members of the six-man compensation committee – comprised of the owners of the Chiefs, the Falcons, the Giants, the Patriots, the Steelers and the Texans – to put a stop to the negotiations before finally dropping the threat in November.