ESPN is reporting that Rex Ryan will become the next head coach of the Jets.

Baltimore Ravens defensive coordinator Rex Ryan has agreed to a four-year contract to become coach of the New York Jets, according to multiple sources.

Lawyers are reviewing contract language before an official announcement is made. A news conference introducing Ryan is scheduled for Wednesday.

The Jets made a formal offer to Ryan “about an hour” after the Ravens lost 23-14 to the Pittsburgh Steelers in the AFC Championship Game, the sources said.

Ryan’s four-year contract is in line with other first-year head coaches that have been recently hired, but a Jets source said it was almost identical to the $11.5 million deal that the Rams gave New York Giants defensive coordinator Steve Spagnuolo on Saturday.

“Any coach who believes in himself wants the opportunity, and it’s a great franchise,” Ryan told ESPN reporter Rachel Nichols on Sunday night.

Ryan was hired by the Ravens in 1999 as a defensive assistant and took on the coordinator’s role in 2005. The title of assistant head coach was added before this season.

I’ve been dying to see what this guy can do as a head coach. Hopefully he hires a sound offensive coordinator and someone he’s already worked with to coach defense so that his system and schemes stay in tact. It’ll also be interesting to see what Ryan can do with former top 10 pick Vernon Gholston, who Eric Mangini sat for most of 2008 because he wanted the former Buckeye to become a complete linebacker. Maybe Ryan will make him the next Terrell Suggs and just allow him to get after the passer and use his physical talents above all else.

Other than him not having any head coaching experience, I think Ryan was a sound hire.