The Detroit Pistons have announced Monty Williams as their new head coach.
Williams, who will be formally introduced at a news conference in Detroit next week, has already initiated the transition and begun scheduling player meetings and staff development.
“I couldn’t be more proud to have Monty joining us at this important time to lead us into the next decade of our future,” said Pistons owner Tom Gores. “He embodies all of the qualities we want in a leader for our Pistons franchise, and most importantly a teacher and mentor for our players. He will have an impact on every aspect of our franchise, on and off the court.
“After spending some time with Monty, it’s clear that he’s found a unique balance between achieving victory at the highest level while at the same time nurturing a culture of growth, development and inspiration,” Gores said. “I’m beyond excited. This is a huge win for us.”
Regarding salary and contract info, here’s the Detroit Free Press:
The Pistons did not announce the terms of Williams’ contract, but the Free Press learned from a team source that it is the richest in NBA history for a coach, worth $78.5 million guaranteed over six seasons. But there is more.
There are team options for a seventh and eighth season, and added incentives that could push the total value of the contract above $100 million. The base salary for the first six years averages out to $12 million per year ($72 million), and there’s additional guaranteed money tied to the seventh season, whether he returns or not, that brings the total guaranteed to $78.5 million. If the Pistons pick up his seventh-year option, his contract will cross $90 million.
Williams agreed to terms after a whirlwind series of discussions with Gores, Pistons General Manager Troy Weaver and other Pistons executives that began over Memorial Day Weekend and culminated on Thursday with a signed agreement.
“A week ago, I was not sure what the future would hold,” Williams said. “But, after talking with Tom and Troy, I was excited hearing their vision for the Pistons going forward. They had a thoughtful plan and I am so appreciative of the emphasis they placed on the personal side of this business. They showed tremendous consideration for me and my family throughout this process.
“They also showed a commitment to success and doing things the right way,” he said. “As we discussed the team and expressed our collective goals, I realized that this would be a great opportunity for me to help a talented young team and build a strong culture here in Detroit. This is obviously a special place with a deep basketball history, and my family and I are looking forward to the opportunity to be a part of this city and organization.”