May 24, 2011, 2:14 PM EDT
Phil Jackson was the highest paid coach in the NBA. By 100 percent. He was making $12 million a year when no other coach was making more than $6 million. Jackson made about $10 million last season. Technically that’s a pay cut for him, but if my bosses want to cut me back to $10 million this year I’ll go along with it.
You can say that is too much for a coach, but remember two things. First, when Jackson was rehired it was when season ticket holders were up in arms over the Shaq trade and the Rudy T. coaching disaster, Jackson calmed those waters and kept a lot of season ticket holders in the fold. Secondly, he Lakers made a lot of money on deep playoff runs when he was coach. Basically, he is the one coach who may have paid for himself.
The Lakers next coach can’t do that and will take a pay cut accordingly, reports the Los Angeles Times.
The new Lakers coach can expect an annual salary of $3 million to $5 million, according to people who are familiar with what the Buss family is thinking. That is barely half what Jackson made in a best-case scenario for the new hire.
It still projects to an increase from the average NBA head coach salary range of $2 million to $4 million. Candidates for the Lakers job include Rick Adelman, Mike Dunleavy, Jeff Van Gundy, Mike Brown and Lakers assistant Brian Shaw.
This is just one way the Lakers can save money going forward. What they do on the player payroll side of the equation will depend more on the new Collective Bargaining Agreement, but the Lakers are looking to cut some costs. As the story points out, some annual employees like scouts and trainers have already been cut by the Lakers. They are starting to brace for the lockout. But that is another story.
- USA celebrates gold medal with lots of dancing (except Derrick Rose) 4
- Too much World Cup MVP Kyrie Irving for Serbia to handle as USA wins gold easily 129-92 16
- FIBA World Cup USA vs. Serbia preview: Serbia no pushover but Americans should grab gold 4
- France beats Lithuania to win World Cup bronze 6
- Carmelo Anthony says nobody would want to play for Hawks 20
- Rudy Gay upset over ‘dirty play’ that caused him to suffer a fractured jaw in Team USA’s win over Lithuania 17
- Serbia holds off furious French comeback, wins to advance to gold medal game vs. USA 4
- Hawks GM Danny Ferry releases statement on his leave of absence, apologizes again 6