The Cleveland Browns have released this statement regarding Mike Holmgren joining the Browns as president of the organization. It reads:

The Cleveland Browns announced today that Mike Holmgren has agreed to become club President. The team also has announced that Mike Keenan will transition to the role of Chief Financial Officer.

"We are pleased to announce that Mike Holmgren has agreed to join the Cleveland Browns," said Owner Randy Lerner. "We will spend the rest of the week finalizing the details of the agreement and will make a formal announcement next week, at which time we will make him available to the media."