Jeff Hanisch-USA TODAY Sports. Pictured: Green Bay Packers Head Coach Mike McCarthy.
- A few days ago, Mike McCarthy opened at 10-1 to become the next head coach of the New York Jets.
- He recently moved to -133, a whopping 48% increase in implied probability.
- McCarthy recently interviewed with the Jets and reports are that their CEO is "enamored" with him, which likely caused this odds movement.
The NFL playoffs are off to a wild start, and so is the activity in the NFL head coaching market. Eight teams have openings, and six of those have head coaching odds posted, including the New York Jets.
Lincoln Riley opened as the favorite at +803 on Friday, but since he has gone on record saying he won’t be coming to the NFL anytime soon, that seemed like an odd choice.
The rest of the field was wide open, though, as no other candidate had shorter than 10-1 odds. That changed quickly…
After opening at 10-1 just a few days back, Mike McCarthy’s odds have skyrocketed to -133. These odds represent an implied probability swing from 9.1% to 57.1%.
The ex-Packers coach interviewed with the Jets recently and supposedly swept their CEO Christopher Johnson off his feet. Not much else other than that has hit the rumor mill, though, so this massive odds swing could be a direct result of that meeting.
Also of note is that Josh McDaniels, another top head coaching candidate, is not considered to be a realistic option for this job. Both McDaniels and McCarthy are listed for five of the six teams with odds posted, with McDaniels the +200 favorite to take McCarthy’s old job in Green Bay.
And while we’re still waiting for our first actual hire, reports are coming out saying the Buccaneers, who did not have odds posted, could hire Bruce Arians, which would help set the rest of the market in motion.