by Charlie O. Mallonee

The Sacramento Kings have publicly announced an agreement in principle with George Karl to become the head coach of the team. The announcement was made by Kings General Manager Pete D’Alessandro who worked with Karl in Denver.

The contract is reported to be for $14.5 million over four years. A press conference to formally introduce Karl will be held after the contract is signed.

At the same time Karl was named head coach, the Kings announced that Tyrone Corbin has been relieved of his duties as head coach. Corbin, who was given a contract that runs through the end of the season, will move to the front office as an advisor to team management.

“I have the utmost respect for Tyrone as a coach and person,” said D’Alessandro. “He’s a man of great integrity, a consummate professional that managed a difficult situation with class and professionalism. I look forward to continuing to work with Tyrone moving forward.”