Head coach Pete Carroll of the Seattle Seahawks holds the Vince Lombardi Trophy after his team won Super Bowl XLVIII at MetLife Stadium on February 2, 2014 in East Rutherford, New Jersey. The Seahawks beat the Broncos 43-8. (Photo by Elsa/Getty Images)

by Curtis Crabtree
KJR reporter
Twitter: @Curtis_Crabtree

Head coach Pete Carroll led the Seattle Seahawks to their first Super Bowl victory in a dominant 43-8 victory over the Denver Broncos in February.

Now he has a shiny new contract to go along with the Lombardi Trophy.

The Seahawks announced a press conference for 10:30 a.m. PT Friday morning but didn't specify the reason in their release. A league source confirmed that the press conference is to announce an extension for Carroll, who took over as head coach of the Seahawks in 2010.

The contract extension was first reported by Ian Rapoport of the NFL Network.

The five-year deal Carroll signed when coming to Seattle from the University of Southern California was set to expire at the end of the 2014 season.

Carroll has led Seattle to the playoffs in three of his four seasons as head coach, including the victory in Super Bowl XLVIII. Along with general manager John Schneider, Carroll has completely rebuilt the Seahawks from a team that had won just nine games in two seasons in 2008-2009.

They found a franchise quarterback to replace QB Matt Hasselbeck in QB Russell Wilson and put together the best defensive unit in the league last season.

The Seahawks earned the 1-seed in the NFC with a 13-3 record and defeated the New Orleans Saints and San Francisco 49ers on their way to New York. The victory over the Broncos gave the Seahawks their first championship in the 38-year history of the franchise.

With Carroll's extension now out-of-the-way, a pair of defensive stars are likely next up to cash in on the team's success. S Earl Thomas and CB Richard Sherman are both set to enter the final year of their rookie contracts and are prime candidates for contract extensions this offseason as well.

The team has nearly $15 million in cap space available and is in a position to potentially take care of both players this offseason.

While Wilson has outperformed his rookie deal as well, he cannot be given a new contract until after next season.