David Moyes has now been confirmed as the new West Ham manager just 24 hours after sacking Slaven Bilic.
Joint-chairman David Sullivan and David Gold need Moyes to climb away from the relegation zone and after that, they will re-evaluate his contract.
Speaking with the press, Moyes revealed that he is comfortable with the contract given to him.
“We’ve done a contract which suits both parties, we are all comfortable with it.
“Let’s get the job done and then talk at the end of the year.”
“I’m thrilled to be back in the game and looking forward to getting started,” added Moyes.
“The job is to get wins and get ourselves up the league.
While the 54-year-old Scot international made disappointing spells with Manchester United and Real Sociedad but his successful 11-year stint at Everton convinced Sullivan and Gold that he is the man for the job.
“I’m a football supporter, everyone has opinions, and everyone is entitled to that. But I think my record stands up against most.
“I’ve managed five clubs and only the recent one was the wrong choice by me.
“Hopefully I can show what I’m really about. I’ve probably got one of the best win records in the Premier League. The job now is to win games.”
Although Moyes has not named names, former Hammers defender Stuart Pearce and his number two at Everton, Alan Irvine have been linked with a coaching role.
“I want a couple more people in, people I have worked with and people who can tell me how this club works.
“My message to the fans is just support the players and staff, we are all here to get West Ham in the correct position up the table.”
Sullivan spoke as well regarding his appointment of Moyes: “This is a unique position for David Gold and myself — it is the first time in almost eight years at West Ham United that we have appointed a new manager during the season.
“We need somebody with experience, knowledge of the Premier League and the players in it, and we believe David is the right man to turn things around and get the best out of the players at the club.
“He is highly regarded and respected within the game, and will bring fresh ideas, organisation, and enthusiasm.
“He proved with Everton that he has great qualities and we feel that West Ham United is a club that will give David the platform to display those qualities again.”