Peyton Manning favorite to replace Jon Gruden on 'Monday Night Football'

Gruden returns as Raiders' head coach

The Raiders released a one-sentence statement with their tweet: "The Oakland Raiders will host a press conference at noon on Tuesday, Jan. 9 to officially introduce Jon Gruden as the new head coach of the Silver and Black".

The news broke just hours after Gruden finished announcing the Kansas City and Tennessee wild-card game on Saturday.

Gruden coached the Raiders from 1998 to 2001 before being traded to the Tampa Bay Buccaneers and capturing Super Bowl XXXVII.

Gruden holds a 95-81 regular-season record as a head coach and a 5-4 mark in the postseason. "It'll be tough for a lot of us on the crew to be impartial when we go into those production meetings and see you next year". Late owner Al Davis hired Art Shell in 2006, 11 years after firing him the first time.

In 2008, the Super Bowl-winning Head Coach parted ways with the Buccaneers, and ventured into the broadcast booth.

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Brent crude futures , the worldwide benchmark, were down 53 cents, or 0.8 per cent at $66.34 a barrel. Oil prices have lost ground in the days following last week.

The Washington Redskins have recycled Joe Gibbs who left the National Football League in 1992, with three Super Bowl titles.

It's official, Jon, even if the Raiders haven't yet issued a statement. Could he be the man to replace Gruden on ESPN?

"Coach. great legacy on 'Monday Night Football, ' not only have you lived up to it, you've enhanced it with your performance here", McDonough continued. He is the second-youngest head coach to win a Super Bowl in National Football League history, winning a ring at age 39 in his first season with Tampa Bay.

Gruden's contract extension with ESPN is through 2021, however, he was given a warm send-off from the sports broadcasting company.

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