Neil Warnock has agreed a 12-month extension to his Crystal Palace contract that will see him remain at Selhurst Park for two more seasons.
The veteran former Sheffield United manager hopes his decision to stay with the Eagles will add more stability to the club as they look to build on this term's mid-table campaign.
He told the South London Press: "There's been so much talk about other clubs so I just thought it made sense to do this now, so that there's stability and things don't just blow up in everyone's face like they have done in the last few months at Charlton.
"When you look at the teams coming down from the Premier League and the sides coming up, and the likes of Ipswich and QPR are all going to have masses of money, so probably our best chance will be by me giving a bit of stability which will help with getting players in.
"But the main reason for signing is the fans - it's amazing how supportive they've been.
"They understand the plight we're in and that I'm probably the best person to get them out of that."