Mike Brown is the new coach of the Los Angeles Lakers.
The Lakers were expected to announce Brown as the 22nd coach in franchise history Wednesday afternoon but first issued a statement.
"In response to rampant speculation and reports about our head coaching position and Mike Brown, we've met with Mike and are very impressed with him," the team said. "In addition, we have an outline for an agreement in place and hope to sign a contract within the next few days."
Brown, who is currently in Cleveland, will sign the contract later this week. According to league sources, the deal will be for four years and $18.25 million.
The development is a victorious comeback for Brown, who was fired by the
Cleveland Cavaliers almost a year ago to the day. Now, the 41-year-old Brown, the winningest coach in Cavaliers history, is leading one of the most prestigious and successful franchise in modern basketball history.
The contract is a three-year deal with a team option for a fourth year. If the Lakers don't pick up the option, Brown is guaranteed to receive $2.5 million.
