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Old 06-07-2010, 06:39 PM   #1
Black Joker
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Join Date: Jun 2006
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Default Source: Gilbert's recruitment of Izzo

CLEVELAND, Ohio -- Fitting his reputation, Cavaliers owner Dan Gilbert appears to be getting aggressive and serious in search of a new coach.
According to multiple sources, Gilbert has discussed the framework of a massive contract offer to Michigan State head coach Tom Izzo. Gilbert, a Michigan State graduate, has handled the recruitment personally and Izzo is said to be mulling the chance to jump to the NBA.
The offer is said to be worth approximately $6 million annually and would be for up to five years, much larger than the industry standard for a coach without previous NBA head coaching experience. The offer might also be loaded with potential bonuses and perks including free use of one of Gilbert's private jets.
The Plain Dealer reported that Izzo was on the team's short list when Mike Brown was fired two weeks ago. Yahoo Sports reported over the weekend that Izzo had emerged as Gilbert's top candidate after he announced a split with general manager Danny Ferry. The Lake County News Herald reported Sunday night that Izzo had been offered the job.
Michigan State athletic director Mark Hollis said today that Izzo had not been offered a contract by the Cavs. It is possible the Cavs haven't formalized an offer. But several sources indicated Gilbert stepped up his recruitment efforts over the weekend.
Several people who are friends of Izzo said that they didn't think he'd take the job without first finding out whether LeBron James would re-sign with the Cavs.
This is a position most in the NBA have taken since Brown was fired. It appears Gilbert is trying to overcome this worry by presenting such a large salary and benefits.
Izzo's base salary at Michigan State is $1.6 million with a guaranteed $1 million in bonuses per year. After leading the Spartans to their sixth Final Four in the last 12 years, Izzo hit bonuses that jacked up his pay package to more than $3 million. Gilbert, it seems, has offered to double that.
The Spartans have a strong returning team and an excellent recruiting class and may be ranked in the top 3 in preseason polls. Izzo has told people he'd like to remain at Michigan State until he won another title.
Izzo has allowed himself to be wooed in the past only to turn down the chance at large salary increases. He's rebuffed the Hawks, Raptors, Timberwolves and Pistons over the last 10 years.

i want the use of a private jet too
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