Reports: Lakers Give Luke Walton 5-Year, $25 Million Contract

LOS ANGELES (CBSLA.com) — According to several reports, the Lakers and Luke Walton have reached a 5-year agreement worth $25 million to become the team's next head coach.

ESPN sources say Luke Walton lands a five-year deal with the Lakers (four years guaranteed) at $5-to-6 million annually including incentives

— Marc Stein (@ESPNSteinLine) April 30, 2016

Luke Walton's contract to coach the Lakers will be for five years and about $25 million.

— Mike Bresnahan (@Mike_Bresnahan) April 30, 2016

Tom Thibodeau received a deal worth a little over $7 million a year to coach the Minnesota Timberwolves.

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