GEELONG hopes to sign off on a contract extension for Chris Scott as soon as next week, with final details being thrashed out by club lawyers and the coach's management.
Scott, who led the Cats to their most recent premiership in 2011, will sign a two-year deal that will take him through to his ninth year at the end of 2019.
CEO Brian Cook said negotiations had been completed with the coach and the final step was for a termination clause to be ticked off by Scott's management and club lawyers.
"It's done, practically, we're just trying to find the right wording," Cook said on 3AW.
"It's in the hands of the lawyers and Chris's manager, Craig Kelly. We're hoping that it'll be agreed to in the next week or two.
"It's just trying to find the right wording for the clause."
Geelong has been attempting to implement a six-month payout clause in Scott's next contract, as it has with the majority of its off-field football department staff.
It is a move that has been resisted by Scott's management company, TLA Australia, but Cook said both sides had been able to compromise on the payout clause.
"We've agreed to a minor alternation … we've agreed to a termination clause where we've given a bit and so has Craig (Kelly)," Cook said.
"We're a little concerned around the termination clauses of long-term contracts where there is a possibility we have to pay the whole lot out.
"Let's say a coach has got three years left or a general manager has got three years left, it could be a hell of a lot of money to a club."
Speaking earlier on SEN, Cook said the reported 20 per cent pay increase for players, followed by smaller rises over the subsequent years of a negotiated CBA, was "a really good deal".
However he said the uncertainty over the timing of the agreement was causing some planning problems, with about half the players on the Cats' list entitled to pay increases in line with the CBA as part of their existing contracts.
Cook said if an agreement was not reached before the end of the season, the situation could cause real problems.
