HoopsHype George Karl rumors

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February 12, 2015 Updates

The Sacramento Kings today have reached an agreement in principle with George Karl, the sixth-winningest coach in NBA history with 1,131 career victories, to become the team’s head coach, according to General Manager Pete D’Alessandro. A press conference formally introducing Karl will be scheduled when the agreement is finalized. NBA.com

The 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 Golden State. 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. Yahoo! Sports

But the Kings soon figure to have a third head coach this season, with final details reportedly being worked out on a four-year contract with Karl. "I think it's an unfortunate situation, the way it's been handled," Van Gundy said before the Pistons' game tonight against the San Antonio Spurs. "I think Tyrone Corbin has been treated very, very poorly by their organization. I think the way they have treated him is unfortunate and inexcusable for one of the real class acts in our business." Booth Newspapers

That should have included a more subtle search for Corbin's replacement, Van Gundy said. "If you want to make a change, I mean, even if people don't like it, obviously, as an owner, you always have the right to make a change. That's up to you," Van Gundy said. "But you don't need to do it the way they're doing it now. "I mean, that thing's been in the news for two weeks now, and Tyrone's coaching. And they obviously don't have any problem treating him like that. I have a hard time understanding that one, I really do. I mean, Tyrone Corbin is a class act. He was a class act as a player, he's a class act as a coach, and he's being treated very, very poorly." Booth Newspapers

February 11, 2015 Updates

The Sacramento Kings and George Karl have agreed to the framework of a deal for him to take over as coach, a person familiar with the negotiations said Wednesday. The person spoke to The Associated Press on condition of anonymity because the discussions were private. The plan is for Karl to coach the Kings in their first game following the All-Star break Feb. 20 at home against Boston, meaning Tyrone Corbin will be coaching his final game for Sacramento on Wednesday night at Milwaukee. Karl is attending funeral services for former North Carolina coach Dean Smith this week. The Kings are expected to announce the deal in the coming days after final terms have been agreed upon and the contract has been signed. ABC News

Jason Jones: George Karl as new Kings coach is official. Tyrone Corbin will coach tonight at Milwaukee as planned. No official announcement yet but it's done. Karl will be in North Carolina the next two days for Dean Smith's funeral services. All that per league sources ... Karl is assembling his staff. Still ironing out details but you can get ready for Karl, I'm told. Again, Nothing official as Karl travels to North Carolina. Friday is the logical day to put a bow on this thing. Karl meets team after break. Told he won't be in New York. Twitter @mr_jasonjones

Marc Stein: Increasingly hearing Friday mentioned as day for Kings to finally say George Karl is their new coach so he can go full steam after AS break. Formal announcement of Karl's expected hiring as SAC coach, if it indeed comes Friday, would be one week before first game Feb. 20 vs Boston Twitter @ESPNSteinLine

He was also prepared for at least one question about the George Karl situation that has placed the team – and especially Coach Tyrone Corbin – in an uncomfortable position. “Y’all ain’t going to get nothing but something about God’s plan,” Evans joked as he stood nearby, referencing Cousins’s postgame comments from two nights earlier. Washington Post

While all signs point to George Karl ultimately becoming coach of the Sacramento Kings, the sides are still in the midst of negotiating the details of a new contract, according to sources -- though one issue, the proposed fourth year of Karl's contract, will likely be settled with the two sides agreeing to buyout language at a fixed amount if the Kings decide not to retain Karl after three seasons. NBA.com

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