Collingwood has re-signed its coach Nathan Buckley for a further two years.
Magpies president Eddie McGuire told the club's season launch on Monday night that the board had approved the extension to Buckley's contract, tying him to the club until the end of 2016.
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The contract extension gave Collingwood three clean years without distraction and validated the transformation of the club under Buckley, McGuire said.
“The secrets of success are continuity and drive and this decision is not only a show of faith in Nathan but a demonstration of our commitment to having both,” McGuire said.
McGuire laughed off the question about his interest in taking over the role of AFL CEO.
"Why would I take a demotion from being president of Collingwood?" he said. "We want the best-possible candidate available, but they'd need to be pretty good to knock off Gillon McLachlan."
Buckley said he was pleased his immediate future was settled.
“I'm honoured by the faith shown in me by the board. It's a privilege to coach Collingwood,” Buckley said.
“But I don't lead alone. Our football department is full of quality people. That is staff, coaches and players."
Chief executive Gary Pert said Buckley was driven and hungry for success.
"Nathan is passionate about building a period of sustainable success on the field. He's first-rate in that sense," Pert said.
The 41-year-old has coached Collingwood in 48 games for 31 wins and 17 losses and in four finals since controversially taking over from premiership coach Mick Malthouse in 2012 after two years as his assistant.
The Magpies are also closer to confirming other re-signings.
Ben Reid – a free agent at the end of this season – has been offered a four-year deal and Alex Fasolo has agreed to terms for a new two-year contract, while Dane Swan has already committed to another two years.
The club is also in negotiations on new contracts for Steele Sidebottom and ruck Brodie Grundy.