Source: George Karl, Kings reach agreement on deal worth nearly $15M
George Karl has reached agreement on a four-year contract worth nearly $15 million to become coach of the Sacramento Kings, a league source told Yahoo Sports.
Sacramento plans to make a formal announcement soon.
The $14.5 million deal will include a $1.5 million buyout provision on the $5 million owed Karl in the final year of the contract, a source told Yahoo Sports.
Karl will earn $1.25 million for the rest of the 2014-15 season, which will begin with his Kings debut after the All-Star break on Feb. 20 against Boston. Karl is set to earn $3.25 million in 2015-16 and $5 million per season in the final two years of the deal, a source said.
http://sports.yahoo.com/news/sources--george-karl-reaches-agreement-on--15m-contract-to-coach-kings-070540298.html