Report: Lakers May Want Phil Jackson to Take Pay Cut Next Season Apparently, a 10-time NBA championship coach feels the impact of the difficult economy too.

The Lakers may ask coach Phil Jackson to take a pay cut if he wants to coach the team next season, the Los Angeles Times reports.

Jackson is earning $12 million a year in a contract that runs until the end of the season, and understands the economy's effect on the NBA.

"People are cutting costs all around the league and coaches are obviously going to take a cut too, so they may not even want to hire me," he told the Times. "They may want to save some money."

Jackson has won at least 42 games in each of his seasons as Lakers head coach, and the team has a 40-13 record under him this season.