'Da Coach is Moving On Up

DCN's gotta give her kudos to Rocky Mountain News gossip reporter, Penny Parker, who got the scoop on the Coach's new digs today.

Mike Shanahan reportedly sold his Cherry Hills mansion (pictured left) for a record $16 million. Apparently the home was appraised for a mere $6.5 million. DCN guesses the the new owner purchased the house for almost $10 million more than it's worth because of the Coach's cache.

The new home - which rumor has it will be 30,000 square feet - is in Cherry Hills as well and Parker says that the land was formerly owned by ex-football wife, Janet Elway. Apparently construction is already underway. Wonder where the Coach is living now...