Hat tip to Terry for breaking the news, confirmed by ESPN. Bill Parcells agreed to a 2-year extension to coach the Cowboys.
Details to follow.
Update [2006-1-6 18:1:5 by Grizz]: - It appears that Parcells is under contract now through 2007. But technically it's a 2-year extension because they tore up his old contract that had one year left on it. So it's only one more year added to the original contract time frame. Article here
Quote from Bill Parcells
?As I have said for the past three years, I am encouraged by Bill?s enthusiasm and determination, and that hasn?t changed in any way,? added Jones. ?From a personal perspective, I have enjoyed every aspect of our working relationship, and I am optimistic about the organization?s future.?