• Loading stock data...
Monday, July 15, 2024

Monty Williams Is Out of a Job, but He’ll Get $65 Million in Severance

  • The Pistons owe him the rest of his contract over the next five years.
  • Williams was the highest-paid coach in the NBA when he signed his six-year deal last June.
Petre Thomas-USA TODAY Sports

The Pistons fired head coach Monty Williams on Wednesday after one of the worst seasons in NBA history. He walks away unemployed but with $65 million coming his way.

Williams came to Detroit as a big hire, having just been fired after taking the Suns to the Western Conference semifinals and a trip to the NBA Finals two years earlier. The Pistons needed that kind of success, having just finished with an abysmal 17–65 record. The team made Wiliams the highest-paid coach in the league with a six-year, $78.5 million contract last June.

But things didn’t get much better, as the Pistons racked up a 28-game losing streak, tied for the worst in NBA history. Their final record of 14–68 was the worst in franchise history. Firing him just one season into his monster deal, the team will now eat the $65 million left on Williams’s contract.

Detroit recently hired Pelicans assistant general manager Trajan Langdon to be its president of basketball operations, which led the organization to part ways with general manager Troy Weaver. But Langdon wasn’t the one who wanted Williams gone; it was owner Tom Gores who decided, according to ESPN.

Now Langdon will search for a coach during one of the busiest times on the NBA calendar for a team hoping to rebuild. Already one of the youngest teams in the league, Detroit has the No. 5 pick in next week’s NBA draft, and the thick of free agency is fast approaching.

Alex Schiffer contributed to this report.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Jun 9, 2024; Lexington, KY, USA; Oregon State Beavers infielder Travis Bazzana (37) throws the ball during the second inning against the Kentucky Wildcats at Kentucky Proud Park.

MLB’s Continued Push to Make Young Stars, and the Draft, Matter

Several league initiatives have led to greater fan familiarity with top prospects.
Jan 7, 2024; Nashville, Tennessee, USA; Jacksonville Jaguars wide receiver Calvin Ridley (0) reacts after scoring a touchdown against the Tennessee Titans during the first half at Nissan Stadium.

Without Hard-Line Bans, Pro Athletes and Personnel Will Keep Betting on Sports

Penalties often aren’t stringent or consistent enough to deter banned behavior.
Jul 11, 2024; London, United Kingdom; Barbora Krejcikova (CZE) celebrates after match point against Elena Rybakina (KAZ)(not pictured) in a ladies' singles semifinal of The Championships Wimbledon 2024 at The All England Lawn Tennis Club.

Krejčíková Wins Wimbledon and $3.45 Million First-Place Prize

This year’s tournament had a record purse of $64 million.
podcast thumbnail mobile
Front Office Sports Today

Formula E is Powering Its Own Future

0:00

Featured Today

Oct 2, 2021; Miami Gardens, FL, USA; NFL commissioner Roger Goddell speaks during the Don Shula Celebration of Life at Hard Rock Stadium.

The NFL Is Confident It Can Overturn the Sunday Ticket Verdict

The league may have good reason to believe it can win.
July 8, 2024

NFLPA Report Cards Have Become the ‘Talk of the Locker Room’ Across..

NFLPA report cards have become the ‘talk of the locker room.’
July 7, 2024

The New College Sports Insiders Are Graphic Designers

Joe Tipton and Hayes Fawcett have become premier news-breakers on social media.
Oct 27, 2023; Sacramento, California, USA; A general of the Sacramento Kings logo on the court before the game against the Golden State Warriors at Golden 1 Center.
July 6, 2024

How Sports Went From Private Equity Punchline to Coveted Asset Class

Once an industry punchline, sports are now a coveted asset class.

Dan Hurley Finally Has New UConn Deal After Dramatic Offseason

Hurley is now the second-highest-paid coach in college basketball. 
Dec 30, 2023; Pasadena, CA, USA; Alabama Crimson Tide head coach Nick Saban during Rose Bowl media day at Rose Bowl Stadium.
July 1, 2024

Nick Saban To Make $500K Annually in Alabama Advisory Role

The former Alabama coach retired after the 2023 season.
July 2, 2024

Nev. Court Again Rules Gruden Suit Should Be Shunted To Secretive NFL Arbitration

Gruden says the NFL leaked emails to oust him as Raiders coach.
Sponsored

TopSpin 2K25 Brings the Legends of Tennis to Your Living Room

2K sports is reviving a classic with TopSpin 2K25.
June 26, 2024

Raiders Coach Antonio Pierce May Be on the Hook to Creditors for Millions

Pierce may be coaching the Raiders with a serious financial problem looming.
June 20, 2024

Lakers Hire Former Player, Podcaster, Analyst JJ Redick As Head Coach

Redick takes over the Lakers with no coaching experience.
Todd Bowles
June 12, 2024

The Highest-Paid NFL Defensive Coordinators

Vic Fangio tops the list, earning an estimated $4.5 million per year to lead the Eagles’ defense.
Former Portland Trail Blazers assistant coach Nate Tibbetts in the fourth quarter against the Denver Nuggets at the Pepsi Center.
June 12, 2024

The Highest-Paid WNBA Coaches

With a yearly salary in excess of $1 million, Nat Tibbetts is the highest-paid WNBA coach.