New England Patriots gave 5-year extension to OC Josh McDaniels

Sept. 9 (UPI) -- The New England Patriots signed Josh McDaniels to a pricy contract extension on the same day he turned down the head coaching job with the Indianapolis Colts.

Sources told NFL Network that the Patriots gave the offensive coordinator a five-year contract with the deal eclipsing $4 million annually at one point.

The deal came following McDaniels' meeting with Bill Belichick and owner Robert Kraft.

McDaniels, 42, was named the Colts' new head coach on Feb. 6, but turned down the job hours later. The offensive coordinator entered the NFL in 2001 as a personnel assistant with the Patriots. He held that role until being promoted to quarterbacks coach in 2004. McDaniels became the offensive coordinator in 2006, before being hired in 2009 as the Denver Broncos' head coach. He was an offensive coordinator for the St. Louis Rams in 2011, but returned to the Patriots in 2012 for the same role.

The Patriots ranked NO. 1 in point differential and offensive yards last season. They also ranked No. 2 in points scored and in passing yards.

McDaniels has been employed by the Patriots for all five of their Super Bowl victories.