The public had been waiting to hear from Reid since the team missed the playoffs, finishing with an 8-8 record.
Taking the podium on Tuesday afternoon, Reid immediately thanked everyone for their patience, saying "I thought it was important to take a thorough look at things."
He also talked about his defensive coordinator, Juan Castillo, who had been under fire by fans during the season. He confirmed that Castillo will remain as defensive coordinator.
Reid also acknowledged the rumors surrounding Steve Spagnuolo, who was believed to be a candidate as defensive coordinator after being released by the St. Louis Rams.
Reid says he offered Spagnuolo a coaching position before he chose to be the defensive coordinator in New Orleans.
Reid said he offered Spagnuolo a position saying "If you get up to two good coaches on defense, that's better than having just Juan by himself."
Reid also said he planned to retain defensive coordinator Juan Castillo all along.
Instead, it was announced on Monday that the Eagles had hired former Miami interim head coach Todd Bowles as defensive backs coach.
Reid also talked about the team's 8-8 finish, saying "I know 8 and 8 isn't good enough." He added "You gotta look in the mirror. I knew I needed to do that."
"We're going to bust our tails to get it right," Reid said.
The Associated Press contributed to this report.