Steve Coppell has accepted a major pay-cut to stay on as Reading manager.
Coppell changed his mind after talks with chairman John Madejski but his salary will be cut from £1.2m to £720,000.
The reaction of the Reading fans was a major reason for his U-turn.
They gave him a standing ovation at Derby after relegation was confirmed and hung banners around his parking space at the Madejski Stadium begging him to stay.