Steps are being made for the Nuggets to lock down coach George Karl for the next three years. Karl has been offered a contract extension worth around $11 million, a source confirmed this morning.
http://www.denverpost.com/nuggets/ci_14055886
Moderator: THE J0KER
Steps are being made for the Nuggets to lock down coach George Karl for the next three years. Karl has been offered a contract extension worth around $11 million, a source confirmed this morning.
Powder Blue wrote:Where'd you read that he didn't take the deal?
The Denver Nuggets have a made a multiyear contract extension offer to coach George Karl, but sources said the sides remain a good bit apart when it comes to finalizing a deal.
Sources said the offer is for three years for a total amount a little more than $11 million, but the third year hasn't been fully guaranteed at this time by the Nuggets. The average amount per year is similar to what Karl, earning a $3 million base salary plus incentives in the final year of his deal, is currently making but is less than the average coach's salary in the West of a little more than $4 million.
Indications are Karl and the Nuggets are a few million dollars apart on the total value of the deal. And there also are questions regarding how much of the third year might be guaranteed.
Bret Adams, Karl's attorney, would not comment on any specifics regarding negotiations. All Adams would say is that the sides are talking.
"Both parties are working hard and trying to use the end of the year as a point of a soft deadline," Adams said.
That is in line with what Karl told FanHouse on Dec. 11. Karl said he wants to return to the Nuggets but there could come a point around the start of 2010 in which it wouldn't be prudent to continue negotiations on an extension.
"There's got to be a point probably after the first of the year that you say, 'If we don't get anything done by this date, let's shut it down and let's worry about winning,''' Karl said.
JRMelo15 wrote:Odds are Karl will probably take the deal for 3 years. CB pretty much has 3 years left in him. It'd be awesome to see Chauncey as the Nuggets' next HC!
SnakefromHell wrote:^Karl will groom him too to take his job... "this is how you get me fired faster" lol
Then Chauncey adds Rasheed as his assistant coach to take care of the tech department