Jackson to stay with Lakers through 2009-10 under extension

12/12/2007 - NBA Los Angeles Lakers

EL SEGUNDO, Calif. -- Los Angeles Lakers coach Phil Jackson
signed a two-year contract extension Wednesday believed to be worth
about $24 million, keeping him on the bench through the 2009-10

The Hall of Fame coach had previously announced the extension
Nov. 30.

"Nobody has been more successful from the sideline in the
history of this game than Phil and his record obviously speaks for
itself," general manager Mitch Kupchak said. "We're excited to
have a coach of his experience, stature and ability leading this
team for the foreseeable future."

The 62-year-old Jackson signed a five-year, $30 million contract
with the Lakers in June 1999, and coached them to three
championships before they lost to San Antonio in the Western
Conference semifinals in 2003 and were beaten by Detroit in the NBA
finals in 2004.

Jackson and the team parted ways in June 2004, and he took a
year off before signing a three-year, $30 million contract -- the
richest deal for an NBA coach -- in June 2005.

"I enjoy working with the players and staff of this team, as
well as the management and ownership," Jackson said Wednesday in a
He and late Boston Celtics coach Red Auerbach each have earned a
record nine championship rings as a head coach. Jackson guided the
Michael Jordan-led Chicago Bulls to six titles in the 1990s before
taking a year off from coaching and then joining the Lakers before
the 1999-2000 season.