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April 30, 2009
NJ Nets head coach Lawrence Frank to return
Just as some banks are "too big to fail," some coaches are too expensive to fire.
The NJ Nets announced yesterday that head coach Lawrence Frank will return next year to serve out the last year of his contract, valued at $4.5 million.
Here are some of this morning's headlines:
The Star-Ledger, Lawrence Frank staying on as coach of New Jersey Nets
The Star-Ledger, Lawrence Frank reacts to staying on as New Jersey Nets coach
NY Post, FRANK COMING BACK AS NETS COACH
Associated Press, Nets' Lawrence Frank will return next season
With a flagging fan base, waning prospects of ever breaking ground on a new arena in Brooklyn and a red ink-stained balance sheet, Bruce Ratner's NJ Nets didn't have much choice but to keep Frank on. To pay out the rest of Frank's contract and hire another coach would have put the team even deeper in the hole.
Posted by lumi at April 30, 2009 5:08 AM