Coack K to Lakers, revisited: Why Duke coach turned down record offer in 2004

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Mike Krzyzewski, better known as Coach K, had been coaching Duke since 1980 before retiring in 2022.

Krzyzewski and Duke are synonymous even years after he stepped away from basketball. However, there was a time when that may not have been the case.

The Los Angeles Lakers needed a head coach after Phil Jackson and the organization parted ways following the 2004 NBA Finals loss to the Detroit Pistons. Krzyzewski received a significant offer to be Jackson’s successor, but he turned it down and remained at Duke for nearly two more decades.

Dan Hurley recently made a similar move, turning down the Lakers to remain at UConn. It will be interesting to see if he can build a legacy similar to Coach K’s with the Huskies or if Hurley will live to regret giving up his reported six-year, $70 million deal.

Why didn’t Krzyzewski accept the lucrative offer from Los Angeles? The Jugo Mobile responds to that and looks back at Krzyzewski’s coaching career at Duke.

Why did Krzyzewski reject the Lakers’ coaching offer?

Krzyzewski said the decision to stay at Duke was pretty easy because he followed his heart. It sounds cliché, but it’s what kept him in Durham, North Carolina.

“His the heart has to be in whatever you lead,” Krzyzewski told the Gainesville Sun. “It became clear that this decision was a little bit easier to make because you have to follow your heart and lead with it and Duke has always taken my whole heart.”

The Lakers expected Krzyzewski to replace Jackson after the 2004 team lost to the Pistons in the NBA Finals.

Jackson had won three consecutive championships with Shaquille O’Neal and Kobe Bryant leading the team. An aging Karl Malone and Gary Payton joined the team in search of Los Angeles’ fourth title in five years.

Krzyzewski won three NCAA championships at that point in his career, and the Lakers offered him a lucrative deal to leave the Blue Devils behind for the purple and gold. The deal was reportedly for five years and $40 million, according to ESPN’s Stephen A. Smith.

Bryant, who had become a perennial MVP candidate at the time, was involved in the coaching search and apparently lobbied for Krzyzewski.

The search came a few years after Krzyzewski signed a “lifetime” contract with the Blue Devils. His treatment kept him in college until at least 2011. It wasn’t the first time the NBA had pursued Krzyzewski, either. He was close to reaching a deal with the Celtics in 1990.

Krzyzewski ultimately remained at Duke through the 2021-22 season and won two more championships to bring his career total to five.

History of Lakers training

Jackson ran the Los Angeles show until the early 2000s before leaving after the 2004 season.

Rudy Tomjanovich and Frank Hamblen split their time coaching the Lakers during the 2004-05 season. Los Angeles got Jackson back a year later.

This scenario might have been different if Krzyzewski had signed to be the Lakers’ head coach in 2004.

Coach Years Record NBA championships
John Kunda 1948-58, 1958-59 423-302 5
George Mikan 1957-58 9-30 0
Juan Castellani 1959-60 11-25 0
Jim Pollard 1959-60 14-25 0
Fred Schaus 1960-67 315-245 0
Butch van Breda Kolff 1967-69 107-57 0
Joe Mullaney 1969-71 94-70 0
Bill Sharman 1971-76 246-164 1
jerry west 1976-79 145-101 0
Jack McKinney 1979-80 10-4 0
Pablo Westhead 1979-81 111-50 1
Pat Riley 1981-90 533-194 4
Mike Dunleavy 1990-92 101-63 0
Randy Pfund 1992-94 66-80 0
Bill Bertka 1993-94 2-1 0
Magic Johnson 1993-94 5-11 0
Del Harris 1994-99 224-116 0
Kurt Rambis 1998-99 24-13 0
Phil Jackson 1999-2004, 2005-11 610-292 5
Rudy Tomjanovich 2004-05 24-19 0
Frank Hamblen 2004-05 10-29 0
mike brown 2011-12 42-29 0
Bernie Bickerstaff 2012-13 4-1 0
Mike D’Antoni 2012-14 67-87 0
Byron Scott 2014-16 38-126 0
Luke Walton 2016-19 98-148 0
Frank Vogel 2019-22 127-98 1
Darvin Ham 2022-24 90-74 0

Coach K Duke’s record

Season Record Finish
1980-81 17-13 Lost NCAA Tournament
1981-82 10-17 Lost NCAA Tournament
1982-83 11-17 Lost NCAA Tournament
1983-84 24-10 NCAA tournament appearance
1984-85 23-8 NCAA tournament appearance
1985-86 37-3 Final Four appearance
1986-87 24-9 NCAA tournament appearance
1987-88 28-7 Final Four appearance
1988-89 28-8 Final Four appearance
1989-90 29-9 Final Four appearance
1990-91 32-7 NCAA Champion
1991-92 34-2 NCAA Champion
1992-93 24-8 NCAA tournament appearance
1993-94 28-6 Final Four appearance
1994-95 9-3 Lost NCAA Tournament
1995-96 18-13 NCAA tournament appearance
1996-97 24-9 NCAA tournament appearance
1997-98 32-4 NCAA tournament appearance
1998-99 37-2 Final Four appearance
1999-00 29-5 NCAA tournament appearance
2000-01 35-4 NCAA Champion
2001-02 31-4 NCAA tournament appearance
2002-03 26-7 NCAA tournament appearance
2003-04 31-6 Final Four appearance
2004-05 27-6 NCAA tournament appearance
2005-06 32-4 NCAA tournament appearance
2006-07 22-11 NCAA tournament appearance
2007-08 28-6 NCAA tournament appearance
2008-09 30-7 NCAA tournament appearance
2009-2010 35-5 NCAA Champion
2010-11 32-5 NCAA tournament appearance
2011-12 27-7 NCAA tournament appearance
2012-13 30-6 NCAA tournament appearance
2013-14 26-9 NCAA tournament appearance
2014-15 35-4 NCAA Champion
2015-16 25-11 NCAA tournament appearance
2016-17 28-9 NCAA tournament appearance
2017-18 29-8 NCAA tournament appearance
2018-19 32-6 NCAA tournament appearance
2019-20 25-6 Tournament canceled due to COVID-19
2020-21 13-11 Lost NCAA Tournament
2021-22 32-7 Final Four appearance

Coach K Duke Salary

Krzyzewski likely raked in more than $100 million in earnings during his four-decade career at Duke through contracts, endorsements and bonuses. He retired from training in 2022, but is constantly seen in commercials today.

Here’s what his salary breakdown looks like since 2001, according to sports and USA Today.

Year Salary
2001 $635,000
2002 1.33 million dollars
2003 $875,000
2004 1.49 million dollars
2005 1.27 million dollars
2006 1.39 million dollars
2007 2.24 million dollars
2008 3.74 million dollars
2009 4.13 million dollars
2010 $8.66 million
2011 7.24 million dollars
2012 9.66 million dollars
2013 $6.06 million
2014 7.3 million dollars
2015 5.55 million dollars
2016 $9 million
2017 $7 million
2018 7.27 million dollars
2019 7.07 million dollars
2020 7.3 million dollars
2021 12.5 million dollars
2022 $9 million

Coach K Net Worth

Krzyzewski’s net worth is $45 million, according to Celebrity Net Worth.

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