UPDATE: Thursday, May 9 at 11:10 a.m. ET by Tim Daniels
It's now official. Moyes will leave Everton to replace Ferguson at Manchester United in July on a six-year contract, according to ESPN.
Moyes will join United on July 1 a six-year deal. #MUFC— ESPN FC (@ESPNFC) May 9, 2013
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UPDATE: Thursday, May 9 at 9:55 a.m. ET by Tim Daniels
Everton confirmed on Twitter that Moyes will leave the club once the season concludes.
Bryan Swanson of Sky Sports reports the club's statement included Moyes' desire to head to Manchester United after a conversation with chairman Bill Kenwright.
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UPDATE: Wednesday, May 8 at 6:10 p.m. ET by Sam Westmoreland
Don't start celebrating David Moyes' move to Manchester United just yet; according to Sky Sports, Everton's chairman is reporting that the deal isn't done yet.
Everton chairman Bill Kenwright tells #SSN "deal not done" for David Moyes to join Manchester United— Sky Sports News (@SkySportsNews) May 8, 2013
While multiple media outlets are reporting that Moyes is the man who will end up with the job, Kenwright's statements remind us that the Red Devils will need to agree to terms with the Toffees' boss if they want him.
UPDATE: Wednesday, May 8, at 3:35 p.m. ET by Sam Westmoreland
It's looking like Moyes is going to be Manchester United's newest manager, as BBC Sport is reporting that the Everton boss will take over at Old Trafford and that the announcement is expected to be made on Thursday.
It surprised many when the club revealed that Ferguson had decided to walk away from managing after leading United to their 20th league title. He had spent more than two decades leading the way at Old Trafford. He will stay on as director.
Moyes started his managerial career at Preston North End in 1998 before moving to Everton four years later. He's held the position for 11 years, winning the League Managers Association's Manager of the Year Award three times.
What's your opinion of the Moyes hiring?
A lot will surely be made about the fact he never won a trophy at Everton. At the same time, it's important to remember he was working under completely different circumstances with the Toffees than he will experience with the Red Devils.
Moyes actually deserves significant credit for helping Everton remain in contention for European berths throughout his tenure. He did it despite a tight budget and talent that couldn't compare to what Manchester United was putting on the pitch every season.
Being handed a talented roster like United already has in place, led by leading scorer Robin van Persie, will allow him to showcase his true managerial skill. He must also prove that he can attract the marquee signings that keep the club atop the Premier League on a consistent basis.
He's obviously got enormous shoes to fill. Ferguson has become synonymous with United over the years. Replacing him is an unenviable task because he's set a standard that will be nearly impossible to match.
Moyes clearly did enough during his time at Everton to make the United brass believe he's the right man to handle the immense pressure of the United manager job.
It won't take long before supporters start to find out if the right choice is made. The summer transfer window is right around the corner, which will serve as the first true test for Moyes after being financially limited in that area while at Everton.
He's not going to match the incredible résumé Ferguson put together at United. There's a good chance in today's constantly changing football world that nobody ever will. But if he keeps the club in contention for trophies every season, that should be enough to satisfy the fans.
All told, it's the biggest challenge of Moyes' career. United hope he's ready for it.