As per the league source communicating with Yahoo Sports, George Karl, 63, has signed an agreement with Sacramento Kings to be its coach for four years. The contract is worth $15 million, and Sacramento is to announce it soon formally. The deal is for $14.5 million to be exact, and includes a buyout provision of $1.5 million on $5 million owed to Karl in the last year of the contract.
Karl is slated to earn $1.25 million in the remaining period of the financial year 2014-15 with his debut for Kings, $3.25 million during 2015-16, and $5 million for each of the last two years. As for his professional achievements, Karl, as an NBA coach, won 1131 regular season games that include stops with Golden State, Cleveland, Milwaukee, Seattle, and Denver. As for an immediate challenge, Karl has the responsibility to energize Kings which has lost 14 of the 16 games to be relegated to 34th position from18th. With the firing of the former coach Michael Malone on the insistence of the owner Vivek Ranadive, Kings had been struggling under Tyrone Corbin, the interim coach, and contacted Karl only in the past week. Corbin has decided to quit the organization, and has refused to be a staff of Karl for the remaining period of this fiscal year. Karl’s immediate task will include drafting highly talented DeMarcus Cousins, the 7-foot center, who has averaged 23.8 points and 12.4 rebounds per game in the present season. His present assignment is demanding and worth the money he gets in lieu thereof.