Frank Vogel Made $31 Million To Work One Season For The Phoenix Suns
ByJoey Heldon May 17, 2024inArticles›Sports News
Frank Vogel has had a fairly successful head coaching career. Sure, he went 54-110 in two seasons with the Orlando Magic, but the team was rebuilding then. His tenures with the Indiana Pacers and Los Angeles Lakers were more memorable. He reached two straight Eastern Conference Finals in Indiana and won a championship during his first season in Los Angeles.
From a purely lucrative standpoint, though? Vogel’s best job was with the Phoenix Suns—the team that just fired him.
Despite a 49-33 finish and a playoff appearance, the Suns decided to part ways with Vogel. It’s a costly move, as he still has about $24 million remaining on the five-year contract he signed in 2023. And the Suns owe Vogel that money as part of the coach’s buyout.
That means the Suns could pay Vogel $31 million for one season of work, which ended in a first-round sweep in the playoffs.
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Phoenix hired former Atlanta Hawks and Milwaukee Bucks coach Mike Budenholzer , who’s no stranger to lucrative buyouts, either. The Bucks fired him before this past season, and he still made $8 million despite not coaching anywhere— one of three head coaches the Bucks paid last season.
New Suns owner Mat Ishbia has shown a willingness to spend money, and it’s clear he’s willing to eat the costs of firing Vogel. There were reports that Kevin Durant wasn’t happy with his role under Vogel, and ESPN’s Stephen A. Smith claimed Durant went “more than a month” without talking to his former head coach.
Vogel took the 2018-19 season off after being fired from the Magic, and he had a similar year-long hiatus during the 2022-23 campaign after the Lakers let him go. There’s likely a clause in his contract that could recoup some of the money the Suns need to pay if he signs elsewhere, but what’s the hurry? He could make about $6 million every year for the next four seasons simply by enjoying his time not coaching basketball.
When you have that kind of financial freedom, you can take all the time in the world to make your next move.
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The Phoenix Suns Are Paying Two Head Coaches Next Year — And Mike Budenholzer Is Making Money From Two Teams
ByJoey Heldon May 14, 2024inArticles›Sports News
The Phoenix Suns and Milwaukee Bucks didn’t have much of a shared history before the 2021 postseason. Sure, the teams played against each other every year, but there wasn’t really a rivalry or any bad blood between them. Then they met in the NBA Finals, which the Bucks won in six games after dropping the first two contests of the series.
Well, the Suns and Bucks now have something else in common: They’re both paying head coach Mike Budenholzer .
Budenholzer and the Suns agreed to a five-year deal worth a reported $50 million. Under those terms, Budenholzer will earn $10 million per season, which makes him one of the highest-paid coaches in the league. The hiring comes the same week as the firing of previous head coach Frank Vogel .
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Now, the Suns owe Vogel the remaining $24 million or so on his deal, as well as the $50 million for Budenholzer. Unless there’s an unreported clause in Vogel’s contract, Phoenix will pay about $16 million combined to both head coaches for the next four seasons, for a grand total of $64 million.
Vogel served as the Suns’ head coach for just one season. Despite a 49-33 record and a playoff appearance, new Suns owner Mat Ishbia wanted to make a change. He got the best head coach who isn’t already tied to a team.
Budenholzer, 54, won NBA Coach of the Year during the 2014-15 and 2018-19 seasons. He has previously been head coach of the Atlanta Hawks and the Bucks. His total record as a head coach is 484-317 across ten seasons. Before that, he served as an assistant coach under Gregg Popovich with the San Antonio Spurs for over a decade and a half.
Despite the 2021 championship, the Bucks fired Budenholzer after the 2022-23 season. The Bucks finished first in the Eastern Conference but lost in the first round to the No. 8 seed Miami Heat. Budenholzer still had $16 million and two years remaining on his deal, and the Bucks owed him all of that. He made $8 million this season and is due another $8 million next year. After the brief tenure of Adrian Griffin ended midseason and Doc Rivers replaced Griffin, the Bucks are currently paying three head coaches .
It’s possible Budenholzer’s buyout was negated after he signed with another team. However, with the way some of these contracts are worded, he very well may be making $18 million next year as both the Suns and Bucks pay guys not to coach for them.
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