Steve Kerr has reached agreement on a five-year, $25 million contract to coach the Golden State Warriors, league sources told Yahoo Sports.
Kerr passed on an opportunity to coach the New York Knicks and rejoin his former coach Phil Jackson, who is now running New York's front office.
The Warriors management group lost out on Stan Van Gundy when he accepted a $35 million deal Tuesday to run the Detroit Pistons, and flew to Oklahoma City on Tuesday to meet with Kerr. The Warriors left more convinced of Kerr's readiness to coach the franchise, league sources said, and Kerr had a chance to further familiarize himself with the entire Warriors front office.
Kerr has a strong relationship with Jackson, and New York had a significant head start in recruiting him to Madison Square Garden. New York wanted Kerr to implement Jackson's famed triangle offense with the Knicks and construct a roster through a shared vision with his old coach.
Kerr was general manager of the Phoenix Suns for three years before returning to television in 2011.
TNT first reported Kerr had accepted the Warriors job.