Broncos Promote Phillips; Giants Reportedly Get Reeves

Out one door and in the other.

Dan Reeves reportedly reached a tentative agreement to coach the New York Giants Monday, the same day that the Denver Broncos announced that Wade Phillips would replace Reeves as coach.

The Broncos had fired Reeves in late December after Denver missed the playoffs with an 8-8 record.

A news conference announcing Reeves, 49, as the Giants’ coach will be held either today or Wednesday, according to unidentified sources in an Associated Press report. Reeves reportedly will receive a five-year contract worth an estimated $4 million.

Reeves, who has been on a golf vacation in Palm Springs, Calif., was not immediately available.

Bronco owner Pat Bowlen’s selection of Phillips followed reports that his apparent first choice for the job, offensive coordinator Mike Shanahan of the 49ers, had decided to remain with San Francisco.

Phillips, 45, had been the Broncos’ defensive coordinator the last four seasons. He signed a three-year contract worth a reported $400,000 per year.

“I want to make sure you understand--there is a lot of speculation that Wade somehow was the second man for the job, and that’s not true,” Bowlen said. “The guy who should have gotten the job got the job.”