The Brooklyn Nets have hired Hall of Famer Steve Nash in a move that should see the team as a major contender come the 2020-21 season.
Future odds for the upcoming season were yet to be released.
ESPN first broke news of the four-year contract with the hiring announced Thursday morning.
Nash, 46, comes with no coaching experience, but he has a history of leadership, basketball IQ and playing innovation. He also brings a strong relationship with Nets star Kevin Durant, forged together in his consultant role with the Golden State Warriors.
The Nets are keeping Jacque Vaughn as the lead coach and making him the highest-paid assistant in the league, sources said.
In a statement released by the Nets, Nash said: “I am honored to have this opportunity with such a first-class organization and would like to thank Sean, Joe and his wife, Clara, for having faith in my ability to lead this team forward. Coaching is something I knew I wanted to pursue when the time was right, and I am humbled to be able to work with the outstanding group of players and staff we have here in Brooklyn. I am as excited about the prospects of the team on the court as I am about moving to Brooklyn with my family and becoming impactful members of this community.”