http://www.msnbc.msn.com/id/8160992/LOS ANGELES - Phil Jackson is returning to the Los Angeles Lakers following a reconciliation with the team that cut him loose last year after three NBA championships in five seasons. Spokesman John Black said Tuesday the team has rehired Jackson, who was let go by owner Jerry Buss last June 18.
A news conference was set for 5 p.m. EDT at Staples Center.
Jackson, who turns 60 in September, has had health issues in the past and underwent an angioplasty two years ago. He told ABC-TV before the opening game of the NBA Finals that he underwent a series of tests to make sure he was healthy.
Jackson agreed to a three-year contract. Terms were not announced, but itís believed heíll be earning between $7 million and $10 million per year, which would make him the highest-paid NBA coach ever.