Los Angeles, CA, United States (4E Sports) – The Los Angeles Clippers have signed head coach and president of basketball operations Doc Rivers to a new contract that will keep him with the team through the end of the 2018-19 season.
According to sources, Rivers will earn $10 million annually from his two positions.
Rivers had two years remaining on the three-year, $21 million deal he signed last year when he came to Los Angeles from the Boston Celtics.
“This is an important day for this organization,” Clippers owner Steve Ballmer said in a statement. “I am excited to work with Doc for a long time as we build a championship culture that will deliver results both on and off the court.”
Ballmer added that signing Rivers to a long-term deal was one of his top priorities after his purchase of the Clippers for $2 billion became official two weeks ago.
Earlier, Rivers expressed his desire to leave the team if Donald Sterling remained as the Clippers owner.
“Steve has shown a clear and determined desire to make the Clippers one of the most elite, first-class and championship organizations in all of professional sports,” Rivers said.
“We know we have work to do to get there, but I am motivated by the challenge and thankful for the opportunity to stand together with Steve as we continue to move toward our goal of winning an NBA title,” he added.
Rivers took over as head coach of the Clippers last June and led the team to its best record in franchise history (57-25) and a second straight Pacific Division title.
After holding the dual role of head coach and vice president of basketball operations last season, he was promoted to president of basketball operations during the offseason.