Smart in, Nellie Out

UPDATED: According to multiple sources, the Warriors are cutting coach Don Nelson’s tenure a year short and giving Keith Smart the head coaching job. This will go down officially on Monday at the team’s media day.

Nelson has one year on his contract, for $6 million, but the Warriors – which have a new ownership group led by Joe Lacob – is deciding to start┬átheir new ear era now (Thanks @FRSHBattle). According to one of the sources, the Warriors have agreed to a settlement package with Nelson, who is getting the entire $6 million according to one source.

Smart is getting a shot to see if he’s the coach of the future, and Calbert Cheaney is moving to the bench to be an assistant, a source said. It also gives the Warriors time to find a new coach if Smart is not the guy. Nelson is in town and one source said he has talked with Joe Lacob, the incoming owner.

Marcus Thompson