Other Sources: Jackson Signs on for 2 More

The LA Times’ Mike Bresnahan is reporting that Lakers Head Coach Phil Jackson has agreed to a two year contract extension with the team.

Jackson’s extension has been on the table for some time now, but Phil has said that he wanted to test his surgically repaired hip before signing off on the deal.

Here’s more from the article:

Jackson met Wednesday with Jerry Buss and informed the Lakers owner of his decision.

Jackson, 62, will get a modest raise from the three-year, $30-million contract he signed in June 2005, which was the richest per-annum coaching deal in U.S. pro sports history. Jackson is expected to make $11 million or $12 million a season in his new deal.

“Everyone connected with Phil is pleased with his decision, something that only he could make after considering all aspects of what it means to be a head coach,” said Jackson’s agent, Todd Musburger. “Obviously, he’s up for it. There is a spring in his step.”

Jackson declined to comment this morning, saying there would be an official announcement later in the day.

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