But did Krause think it would be this tough? You know, 10-43 tough with the winning percentage actually expected to plunge over the final 29 games? “I’m not surprised at all,” Krause said by phone Wednesday night. “I knew Phil had a bad ballclub. If [James] Dolan offered him $2 million a year or even $5 million, he wouldn’t have taken it. But $12 million is overwhelming. Phil didn’t take the job because he thought he had a playoff club. He took the job for the money.”
July 25, 2016 | 10:06 pm EDT Update
After helping to deliver the Cleveland Cavaliers an NBA championship, head coach Ty Lue has agreed to a five-year, $35 million contract extension, league sources told The Vertical. The agreement was reached on Monday and a formal announcement is expected in the next 24 hours, league sources told The Vertical.
After his promotion to head coach following David Blatt’s firing in January, Lue gambled on himself and decided against signing a shorter, less lucrative deal as Cavaliers coach – never signing a three-year, $9.5 million contract framework. Lue’s decision turned out to be prophetic, because the Cavaliers’ improbable 3-1 comeback victory in the NBA Finals against the Golden State Warriors allowed for him to become compensated among the NBA’s elite head coaches.