In the midst of speculation surrounding his retirement, it appears that Andy Reid, the head coach of the Kansas City Chiefs, is more likely to receive a contract extension than to hang up his whistle. Sources close to the situation have informed CBS Sports that an extension for Reid is on the horizon, as he prepares for his fifth Super Bowl appearance.

Reid, who is regarded as one of the most accomplished coaches in NFL history, is expected to receive a raise regardless of the outcome of Sunday's Super Bowl LVIII. Following his first Super Bowl victory four years ago, Reid signed a six-year extension, meaning he still has two years remaining on his current deal.

Multiple sources have pointed out that Reid is currently underpaid compared to his coaching peers. Despite his success, with a potential third Lombardi Trophy within his grasp, Reid's annual salary of around $12 million ranks him in the lower half among all head coaches in the league. In fact, recent additions to the AFC West division, including Sean Payton and Jim Harbaugh, have surpassed Reid as the third-highest-paid coach, earning more than $5 million per year.

One source close to Reid emphasized that retirement is not in the cards for the seasoned coach, expressing dissatisfaction with the compensation he receives. The issue of inadequate pay reportedly extends throughout the Chiefs organization, with the problem permeating from the top to the bottom.

The Chiefs, known for their consistent success on the field, have faced challenges in maintaining a robust infrastructure off the field. Despite being one of the league's premier franchises, Kansas City lags behind in terms of analytics and sports sciences departments. Additionally, an NFL Players Association survey from last year ranked the Chiefs 29th out of 32 teams across categories such as weight room facilities, training room resources, and team travel arrangements.

Furthermore, the Chiefs have encountered difficulties in retaining staff. Notable departures include running backs coach Greg Lewis, who was lured away by the Baltimore Ravens, and key front-office staff member Brandt Tilis, who now works for the Carolina Panthers.

While Reid, who turns 66 in March, has not publicly confirmed his plans for the 2024 season, all indications suggest that he will continue coaching. Chiefs sources have stated that there have been no discussions regarding succession planning, dispelling any rumors of an imminent retirement. Reid's remarkable track record, including the second-most playoff wins of all time, makes him a vital asset to the Chiefs organization.

The Chiefs' success under Reid's leadership has drastically improved their postseason performance, with a playoff record of 23-21 compared to a meager 8-14 before his arrival. Their Super Bowl victory in the 2019 season solidified Reid's place among the coaching greats, and he followed it up with another deep playoff run last year.

As the Chiefs' value continues to rise, reaching an impressive $4.3 billion according to Forbes, team owner Clark Hunt finds himself constrained by the majority of his wealth being tied up in the franchise. However, potential solutions such as allowing institutional money to invest in NFL teams may provide the financial flexibility needed in the future.

With star quarterback Patrick Mahomes locked into a long-term contract with the Chiefs, there is substantial stability within the organization. As a result, discussions this offseason between Reid and the Chiefs are expected to focus on the duration and financial terms of his continued coaching tenure.

In conclusion, retirement rumors surrounding Andy Reid have been largely dismissed, with sources indicating that a contract extension is in the works. As a highly successful coach and instrumental figure in the Chiefs' rise to prominence, Reid's future with the team remains promising, reinforcing the organization's commitment to his leadership.