McGuire said Buckley personifies the traits the club values in its senior coach despite having limited success since entering the role in 2012.

During his six years at the helm of the Magpies, Buckley has recorded 70 wins from 136 matches resulting in a winning percentage of 51.5%.

The team won nine from 22 games this season to finish 13th from 18 teams.

 “We have seen the way this list plays for Nathan. He is a man of the highest integrity, he has compassion for his players on and off the field, he is uncompromising in his commitment to the role and we believe he is taking this group in the right direction,” McGuire said.

 “As a club we instigated a list rebuild following our 2013 campaign and Nathan has been exemplary in his commitment to developing the young talent brought on to our list and creating a team-first ethos that we believe will take us back to where we want to be as a club.

 “The club has taken the One Collingwood blueprint process very seriously and the board took time to consider all the information presented at our meeting on Tuesday night. With the benefit of that in-depth report we, as a Board, believe Nathan is the right person to lead this club forward.” 

Buckley, who has coached the side to two finals campaigns, said there was much work to be done.

 “The last few years have shown how tough this competition is and we have not bounced as quickly as we had planned. In that time the resilience and commitment of the players and staff hasn't wavered. In particular we are blessed with a core group of emerging leaders who will drive our prospects in coming years," Buckley said.

 "We do not own the right to success, so we will chase it with all we have. Reinforcing the things we do well and continually challenging each other to find better ways. Above all, we will value and support each of our people as we go about our business.

 "We still have a lot of work to do and I'm up for that challenge."

Following his playing career, Buckley returned to the club as an assistant coach in 2010 before taking on the senior coaching role in 2012. This followed coaching stints with the AIS Academy and Vic Country.