Phil Jackson and the Knicks are changing the coaching-salary game
Want to become a highly paid coach? There are two routes.
1. Coach very effectively, win a championship and get rewarded for your success.
2. Convince Phil Jackson to like you.
The Knicks drove up the price for Steve Kerr, who, depending on the source, signed a five-year contract worth $21.25 million-$25 million with the Warriors. Spurned, New York just hired Derek Fisher for five years, $25 million.
Gregg Popovich (Spurs), Doc Rivers (Clippers) and Stan Van Gundy (Pistons) are the only known higher-paid coaches, though Rick Carlisle (Mavericks) and Tom Thibodeau (Bulls) might be ahead of Kerr. Popovich, Rivers and Van Gundy serve dual roles as president/coaches, and Popovich, Rivers and Carlisle have won championships.
Kerr and Fisher have championships, playoff wins, regular-season wins, a single game coached… Jackson’s seal of approval.
Apparently, that’s enough.
A few notes on the listed salaries: Coaching salaries are sometimes not publicly available. Exact terms, including levels of guarantees and incentives, are rarely available. Most of the above data comes via Other League.
The two teams without head coaches, the Lakers and Cavaliers, have their previous head coaches – Mike D’Antoni and Mike Brown – listed.
I couldn’t find data for Mike Budenholzer (Hawks), Kevin McHale (Rockets), Monty Williams (Pelicans), Jacque Vaughn (Magic), Brett Brown (76ers), Terry Stotts (Trail Blazers), Quin Snyder (Jazz). Based on their perceived value when hired, it’s unlikely any of those eight is making $5 million per year.
I also couldn’t find Flip Saunders’ salary, but it’s possible but the Timberwolves’ new coach will be paid at least $5 million per year. Saunders – like Popovich, Rivers and Van Gundy – is also the team’s president.
One more reminder: Not only are Kerr and Fisher just coaches, they’ve coached a combined zero games as a head coach or assistant.
Some more-established coaches must see this and expect raises. Jackson and the Knicks won’t have to pay those bills themselves, but they’re changing the market.
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