George Karl gets $11 million of $14.5 million guaranteed in Kings contract

1 Comment

George Karl and the Kings reportedly struck a deal yesterday, but Adrian Wojnarowski of Yahoo Sports and Sam Amick of USA Today said the contract wasn’t finalized.

Now, everyone agrees it’s done.

Wojnarowski:

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.

Those are pretty favorable terms for Karl, who wisely played up his interest in the Magic’s vacancy. He worked that leverage well.

Now, Karl must gain the trust of DeMarcus Cousins, who wasn’t happy with this whole process. Maybe this type level of financial security will convince Cousins he now has a coach who will last through Vivek Ranadivé’s whims.