Phil Jackson May Be Asked To Take Pay Cut

[The Regime]

Lakers coach Phil Jackson may have to take a pay cut if he wants to remain with the team over the long-term, according to the Los Angeles Times.

 

Jackson will make $12 million this season.

 

"People are cutting costs all around the league and coaches are obviously going to take a cut too, so they may not even want to hire me," Jackson said recently. "They may want to save some money."

 

Real GM

[The Regime]

I dont think this will have a impact on Phil's decision to keep on coaching, it's pretty simple imo we win another championship he returns if we dont then it's up in the air. Money wont influence his choice.

Edited February 8, 2010 by Confidence

[Check my Stats]

And the Lakers are going to add salary onto their payroll with a trade?

 

Would be kind of crazy if they lost Phil because of trying to pay him less.

[Real Deal]

And the Lakers are going to add salary onto their payroll with a trade?

 

Would be kind of crazy if they lost Phil because of trying to pay him less.

Well, it wouldn't be adding much salary, given we'd be keeping that amount if we re-sign Farmar.

 

The Hinrich deal would ask us to trade expirings and Farmar, but we would like to deal Vujacic and his two years as well. Given all salaries involved, having Kirk is similar to just re-signing Farmar and still having Vujacic...only Hinrich is the much better player.

 

EDIT: I can't think of Hinrich's contract...but I'm sure he is signed through another 3-4 years. Farmar would need more money than he's getting now, though...so the idea is to deal Vujacic (who isn't earning his $10-11 million remaining) and Morrison (who isn't earning anything) and letting go of Farmar, who will ask for more money.

 

Well worth it.

[Sky]

Hinrich has two years left after this season. Sasha has one more.

 

Point on Hinrich is if he comes in and Sasha goes out then the cost to LA is no different than signing an MLE player. They will have to spend to get a new 1 regardless. They want that net cost after taxes to be around 11M, that would be the cost of Hinrich in/Sasha out or MLE.

 

The word on Phil is one more year and then he wants an ownership stake a la Magic. The Lakers have positioned themselves so that if Phil decides to retire they can hire Byron (Kobe's first choice for a Jackson replacement) or Jeff Van Gundy. Both Scott and Gumby were in Buss' luxury box last week. What LA will insist on with any coach is no locked in salary for anybody in 2011-12. They don't want a coach on the payroll in the lockout season.