update from PFT:
POSTED 3:25 p.m. EST; UPDATED 3:38 p.m. EST, February 8, 2007
'BOYS LOW-BALLED WADE
A league source tells us that the Dallas Cowboys have indeed made an offer of the team's head-coaching job to Chargers defensive coordinator Wade Phillips. But the source says that the 'Boys put on the table a substandard financial package.
And that's the reason for the delay in the formal announcement. The Cowboys have indeed chosen Phillips, but there is no deal.
Yet.
The source expects a deal to be done. "They know he wants [the job] bad so they made him a very low offer," said the source.