Roy Hodgson
West Bromwich Albion's manager Roy Hodgson reacts during their English Premier League soccer match against Everton at The Hawthorns in West Bromwich, central England January 1, 2012. Reuters

Roy Hodgson may soon have a very tough decision to make.

According to a report in the Daily Mail, the West Brom manager, who is being spoken about as an outside shot to manage the English national team, will be offered the largest managerial contract in his club's history, if he refuses any potential offer from the FA. It is believed that although Tottenham manager Harry Redknapp is the favourite to land the job, should he refuse the opportunity, Hodgson's name is also on the FA shortlist.

West Brom are 14th in the Premier League at the moment, with 36 points from 31 games and probably need only ten more points to ensure top-flight survival. The Baggies, however, are winless in their last four games. Recent poor form clearly has not deterred the club administration from offering their boss this record deal.

Meanwhile, Hodgson, according to an earlier BBC report, has actually kept his club waiting over contract discussions because he is waiting to ensure Premier League football at The Hawthorns for next season.

"I've said to the chairman [Jeremy Peace] it would be nice if we can make certain we are on safe ground if we are to talk about the future," Hodgson said, in the BBC report.

A similar point of view was expressed in a more recent Press Association story, where the manager admitted he expected discussions over his future to "hot up a bit".

"I have said on many occasions that I like the club, like the people and am enjoying myself. We are approaching that stage now where no doubt the discussions will hot up a bit. It's nice to think that players would to some extent base their decisions on me. I am flattered to hear that, but of course, I also must see what is best for me. To some extent the two things are tied together. If I am going to continue working year after year, I am going to do it at the level I feel I should be working at, which is the Premier League," the 64-year-old manager said.

In any case, the Daily Mail report believes Hodgson will be offered a basic salary of £2.5m per year and a £500,000 bonus if West Brom remains in the Premier League. The offer is considerably above the £1.5m that the report says is offered to most mid-table managers in the league.