Chicago Bulls coach Tom Thibodeau agrees to a four year contract extension

Chicago : IL : USA | Oct 01, 2012 at 3:47 PM PDT

By George Vieto

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Chicago Illinois. Chicago Bulls officials announced on Monday they have reached an agreement with their basketball coach Tom Thibodeau to a four year contract extension.

Yahoo! Sports reports Thibodeau will be paid $17.5 million dollars with incentive bonuses reaching $20 million.

Chicago Bulls general manager Gar Forman said of Thibodeau "I'm biased, but I think Tom is the best coach in the NBA. I watch his practice every day and his attention to detail is impeccable."

Thibodeau was voted NBA Coach of the Year for the National Basketball Association (NBA) for the 2011-12 basketball season.

Thibodeau said "I'm thankful to (owner) Jerry (Reinsdorf) and Gar and (Vice President of Basketball Operations) John (Paxson). I never doubted it would work out. I love being here."

The Bulls are reluctant to give their coaches big money contracts after they gave a big money to former Bulls coach Scott Skiles to a three year $13.25 million dollar contract extension is 2006. Skiles was fired in 2007 and the Bulls owed Skiles $7 million but Skiles settled for 4 million dollars instead.

New sources The Sports Xchange and Yahoo! Sports

George Vieto is based in Lake Charles, Louisiana, United States of America, and is a Reporter for Allvoices.

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