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Bulls coach Thibodeau receives four-year extension

Chicago Bulls head coach Tom Thibodeau answers questions about his new contract during media day for their upcoming NBA basketball season in
Chicago Bulls head coach Tom Thibodeau answers questions about his new contract during media day for their upcoming NBA basketball season in

(Reuters) - Chicago Bulls coach Tom Thibodeau, whose regular-season record for the past two years is the best in the National Basketball Association, has had his contract extended through the 2016-17 season, the team said on Monday.

Per team policy, terms were not disclosed, but media reports indicated Thibodeau's four-year extension had a base salary of $17.5 million, with bonuses that could reach $20 million.

"Tom has proven to be one of the top coaches in the NBA and we are happy that he has agreed to a long-term extension that will ensure he is our coach for many years to come," Chicago Bulls General Manager Gar Forman said in a statement.

In two seasons with the Bulls, Thibodeau has led Chicago to a regular-season record of 112-36 (.757; the highest winning percentage ever by an NBA head coach for a two-year period).

He was named NBA coach of the year for the Bulls' 62-20 record in 2010-11 and was runner-up for the honor after a 50-16 campaign in 2011-12.

(Reporting by Gene Cherry in Salvo, North Carolina; Editing by Frank Pingue)

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