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April 22, 2009
Nets layoffs point to lean times; with fewer front-office staff, it will be harder to reap sponsorships
Atlantic Yards Report
Nets coach Lawrence Frank has done a reasonably good job developing young talent, but other coaches with his mixed record get the boot.
So, will team officials Wednesday announce Frank's departure, with one year left on his contract? One reason he might stay, according to the Daily News's Julian Garcia: the team doesn't want to pay him $4.5 million next year not to coach, given losses topping $30 million.
Al Iannazzone reports on the money factor:
There have been a few waves of layoffs in the Nets' offices. About 10 were let go from midweek on. Also, the Nets won't have a summer league team, per se. They're joining forces with the Sixers for summer league to help split the costs.
Also:
Nets Daily, Frank’s Fate to be Known by Morning
Rotoworld.com, Nets coach likely safe for one more year
SportingNews.com, Nets coach Lawrence Frank likely to stay
Posted by lumi at April 22, 2009 5:20 AM