Report: Kerr finalizing contract extension with Warriors

Steve Kerr is about to be rewarded for helping bring the Bay Area a third NBA championship in four years.

The Golden State Warriors head coach is reportedly finalizing a contract extension with the franchise, league sources told ESPN's Adrian Wojnarowski.

The extension will make Kerr one of the highest-paid coaches in the Association. He just completed the fourth season of his five-year, $25-million deal signed in 2014, with his new extension at least doubling his $5-million-per-year average, league sources told NBC Sports' Monte Pool.

"I’m going to need it because I just bought a house in San Francisco and I’m going to have to coach for another 20 years to afford that house," said Kerr of his potential extension after the Warriors swept the Cleveland Cavaliers in the 2018 Finals, according to The Athletic's Anthony Slater.

Gregg Popovich of the San Antonio Spurs currently has the highest annual pay among NBA head coaches at $11 million, followed by the Los Angeles Clippers' Doc Rivers at $10 million.

Golden State has gone 265-65 (.808) during the regular season under Kerr's guidance, with a 63-20 record in the postseason.

The 52-year-old has taken leaves of absence while dealing with headaches and dizziness, health-related issues stemming from multiple back surgeries. Kerr has previously indicated he'd only continue coaching if his body permitted, which is why he was hesitant to sign an extension at the earliest opportunity.