John Harbaugh finalizes five-year deal with Giants, making him team's new coach

Blue and white smoke is finally emanating from East Rutherford, New Jersey.

The New York Giants and John Harbaugh have finally completed a five-year deal to make him the team’s next head coach, per multiple reports, days after Harbaugh and the club had agreed to join forces. His package is expected to be worth in the neighborhood of $100 million, according to multiple reports.

“This is the New York Giants,” Harbaugh told ESPN. “I’m proud and honored to the head coach of this historic franchise, and especially excited to work with the Mara and Tisch families. But most of all, I can’t wait to get started with the great players on this football team to see what we can accomplish together.”

Per NFL Network’s Mike Garafolo, a news conference is expected to occur Tuesday. Harbaugh and general manager Joe Schoen, who retained his job despite Brian Daboll’s firing during the just completed season, are expected to have a “cooperative setup.”

Schoen led the coaching search that quickly led the organization to Harbaugh.

Harbaugh led the Baltimore Ravens to 12 playoff berths, AFC North titles and one Super Bowl victory in his 18 seasons in Charm City. His record, including postseason, is 193-124.