The days of a Fred Hoiberg strolling into an NBA facility as a first-time head coach with five years on his contract and $25 million guaranteed in his bank account are likely over.
According to several NBA executives, the entire league is about to feel a historic economic crunch when and if the Orlando bubble holds and this season is able to wrap up, and that will start with the salaries for first-time NBA coaches.
One executive told the Sun-Times that he expects the yearly salaries to be cut in half for new head coaches, no matter how good the coaching resume looks.