2:32pm: The fourth year is a team option, but Hollins could make as much as $20MM total on the deal if the Nets pick up that option, according to Ramona Shelburne of ESPNLosAngeles.com (Twitter link).
1:57pm: The Nets have reached a deal with Lionel Hollins making him the head coach, the team announced (Twitter link). Marc Stein of ESPN.com reported that Brooklyn and the Steve Kauffman client were close to a deal this morning. The sides had been discussing a contract for four years and $18MM, Stein tweets.
Brooklyn moved swiftly to hire Hollins after striking a deal with Milwaukee on Monday to allow Jason Kidd out of his contract so he can coach the Bucks. The Nets reportedly spoke with University of Connecticut coach Kevin Ollie, and while George Karl, Ettore Messina and Mark Jackson were also rumored to be candidates, Hollins was seemingly the front-runner even before the Nets had officially let go of Kidd.
Hollins, 60, was also among the favorites for the Lakers vacancy, which is once more the only open head coaching position in the league. He meets Brooklyn GM Billy King‘s desire for an experience coach after the team experimented with the neophyte Kidd last season, having coached the Grizzlies to a franchise-record 56 wins and the Western Conference Finals in 2012/13. He’s 214-201 in parts of seven seasons as an NBA head coach, all of them with the Grizzlies.