Per Schefter, it's a four-year deal for Arians with a one-year option. The Buccaneers are also acquiring a seventh-round pick from the Arizona Cardinals (Arians' previous team), in exchange for a sixth-round selection.
Retirement didn't last long for Arians, who stepped away from football after five seasons as head coach of the Cardinals. The Buccaneers fired Dirk Koetter (since hired as the Atlanta Falcons' new offensive coordinator), after three years, paving the way for Arians to return to the sidelines.
Arians has won two Super Bowl championships with the Pittsburgh Steelers - in the 2005 and 2008 seasons as the wide receivers coach and offensive coordinator, respectively. He was also named 2012 NFL Coach of the Year after leading the Indianapolis Colts to a surprise playoff berth. Arians was interim head coach while Chuck Pagano stepped away for most of the season to deal with a Leukemia diagnosis.
The 66-year-old Arians was named Coach of the Year once again in 2014, after guiding the Cardinals to an 11-5 season and surprise playoff berth with a pair of backup quarterbacks. Arians led Arizona to the 2015 NFC Championship Game, but they lost to the Carolina Panthers and would close out his tenure with consecutive eight-win seasons.
His task is to now help 2015 No. 1 pick Jameis Winston finally piece it all together and show he's a franchise quarterback. Winston has been extremely inconsistent in his first four years as a starter, but the Buccaneers have faith in Arians' ability to get the most out of the 25-year-old.
What This Means
The Buccaneers hire one of the game's best offensive-minded coaches of this era, and Arians should do wonders with a talented but underachieving Tampa Bay team. Now that the Bucs have an accomplished head coach leading the way, any more losing and non-playoff years will not be considered acceptable.