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The Glazer family that owns the Bucs moved quickly to beat out multiple teams that were interested in hiring Smith.
There is a good chance the Bucs new GM will be Jerry Angelo, who was Lovie's GM at Chicago.
Reports say Lovie met with team on Monday and both sides worked to finalize a deal over the last two days. He is expected to earn in excess of $5 million per year. Fired coach Greg Schiano had a five year deal for $3 million per year.
The 55-year-old Smith was the Chicago Bears head coach from 2004 through 2012, leading the team to five winning seasons and three playoff appearances. Smith's Bears went 13-3 and reached the Super Bowl in 2006. He was 81-63 during the regular season.
Among the things Smith can bring to the Bucs is stability after going through two seasons of drama under the previous regime.
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