Blog Entry

Report: Next Lakers coach to take massive pay cut

Posted on: May 24, 2011 11:57 am
 
The next coach of the Los Angeles Lakers will reportedly make far less than former coach Phil Jackson. Posted by Ben Golliver. phil-jackson

Following in Phil Jackson's footsteps as head coach of the Los Angeles Lakers would be a dream job for just about every coach in the league. But that title doesn't necessarily come with all of the same benefits.

The Los Angeles Times reports on Tuesday that Jackson's successor will be likely be paid half -- or less -- of Jackson's 2010-2011 salary.
Jackson topped out at $12 million in 2009-10 before taking a pay cut last season to about $10 million.

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.
In pure dollars and cents the premium that Jackson's championship experience and expertise was commanding is fairly stunning. In what other industry does one of thirty colleagues made so much more than everyone else? He was in a tier by himself and there really was no second or third tier. Everyone else checked in on the fourth and it went down from there.

Given that fact, this decision speaks more to bringing the job back into industry norms than it does to any cost-cutting policy. There are plenty of quality NBA coaches that would kill to make $5 million a year. 

Category: NBA
Comments

Since: Sep 2, 2009
Posted on: May 24, 2011 6:28 pm
 

Report: Next Lakers coach to take massive pay cut

The pay cut is all conjecture. I have not agreed to it. Furthermore, if they want my services I will require a chair even bigger than Phil's, I want Bynum traded to Atlanta for Josh Smith or failing that traded to Central Kohtla-Jarve in the Estonian Hockey League for the team mascot. I also insist that we buy out Fish, don't replace him with Salmons, but get Thornton from Sacramento to play the point and provide some outside offense to take the burden off Bryant. Another condition is that I want a meddlesome poodle named Isaiah Thomas who will periodically leave a mess on the floor that I will have to clean up. And finally I insist we have a plan to blow up the team and eventually acquire Dwight Howard.



Since: Sep 4, 2007
Posted on: May 24, 2011 4:47 pm
 

Report: Next Lakers coach to take massive pay cut

Phil couldnt build a championship ever if he had to start from scratch. 
Not actually true.  Thats exactly what he did this last time he came back to the Lakers.  Remember their starting guard was Smush Parker and Walton was also starting.  I would call that building from scratch.  Funny how everyone always sees the results but they do not pay attention to the work it took to get there.  Once Phil did this I regarded him as a complete coach.



Since: May 17, 2008
Posted on: May 24, 2011 4:28 pm
 

Report: Next Lakers coach to take massive pay cut

This is not good. A pay cut usually means that the coach is unproven or has not won much recently. The Lakers need a real coach and not just anyone who is willing to work for cheap.
Reread the article -- the Lakers are not looking for a "cheap" coach.  The NBA head coaching salary range is listed, other than Jackson, at $2million to $4million.  The Lakers, if reports are accurate, are looking to pay from $3million to $5million (or in the middle of the head coaching salaries to something near or at the top of the current market depending on who they hire), this is certainly not "working cheap" or a "pay cut" (especially since we don't know who the coach will be, we don't know what he made in his last job and so certainly can't know if $3million to $5million is a "pay cut" or a raise).



Since: Aug 7, 2008
Posted on: May 24, 2011 3:04 pm
 

Report: Next Lakers coach to take massive pay cut

This is not good. A pay cut usually means that the coach is unproven or has not won much recently. The Lakers need a real coach and not just anyone who is willing to work for cheap. Having said that, there are not many high-profile/high paid successful coaches available. Don Nelson is available. Oh wait...I did say successful...nevermind!





Since: Aug 5, 2008
Posted on: May 24, 2011 2:45 pm
 

Report: Next Lakers coach to take massive pay cut

Nice post and I too would like to see Brian Shaw given a fair and square chance.  I truly don't want to see Mike Dunleavy anywhere near the Lakers.  Rick Adelman would do well in my opinion.



Since: Apr 29, 2011
Posted on: May 24, 2011 2:16 pm
 

Report: Next Lakers coach to take massive pay cut

Yeah right, Phil Jackson is a master of putting himself in the position to coach all the greastest players.  If i was eric spoelstra, i would be getting nervous with Phil in "retirement."  Phil knows the lakers are getting old.  Look at his coaching tree.  Oh wait he doesnt have one. Not one single head coach in the league. None. Zip.  The timberwolves first head coach and maybe the most underrated coach ever, bill mussleman, has direct ties to 3 of the 4 coaches still playing this year.  He coached scott brooks in the nba and cba, rick carlisle in the cba, and gave thibedeau his first job ever in the NBA.  Phil couldnt build a championship ever if he had to start from scratch.



Since: Jan 20, 2010
Posted on: May 24, 2011 1:51 pm
 

Report: Next Lakers coach to take massive pay cut

Phil was in a class by himself among NBA coaches, before and after Phil, MJ & Scottie 0 titles, Shaq has one, and the jury is still out on Kobe. The Lakers should give Brian Shaw a chance instead of hiring all these retread losers like Mike Dunleavy, and Rick Adeleman.
I would rather see Mike Brown get a second chance also.  



Since: May 3, 2011
Posted on: May 24, 2011 1:11 pm
 

Report: Next Lakers coach to take massive pay cut

12 rings as a coach? Nuff said. GO BULLS!


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