Essendon coach James Hird said he agreed to take a suspension from the AFL for the good of the game and the good of the Essendon club.

Hird received a 12-month suspension backdated to August 25 when the AFL Commission issued sanctions to Essendon and its officials for conduct prejudicing the game.

In agreeing to the suspension Hird dropped the writ he lodged last Thursday with the Victorian Supreme Court seeking an injunction preventing the AFL Commission from hearing the charges against him.

'It was time to move on," Hird said this morning outside his Toorak home in Melbourne.

"I'm so glad this has finished. And that the game can move on and our players can move on. It's been a very trying time for everybody."

Hird said he had spoken to several players individually this morning. He added that he accepts full responsibility for the 2012 supplements program.

"I do take a level of responsibility for what happened in our Football Club in 2012," he said.

"I am deeply sorry for what happened at our football club."

Essendon chairman Paul Little has confirmed Hird will return to the head coaching role at the Bombers when his suspension ends in a year's time.

Little also revealed on Tuesday night the club has reached an agreement with Hird for a new contract keeping him at the club for the long term.

More to follow.