Lakers coach Phil Jackson told reporters on Wednesday that he has already had discussions with the team about coming back next season and they want to reduce his salary.

His current contract pays him a reported $12.5 million this season.

"It's been indicated there will be a salary cut but not ... I'm not going to say 'down,' that's kind of weird to say stuff like that," Jackson said. "It's still a ridiculous salary whatever it is."

He first mentioned the potential pay cut on Dec. 19 in New Jersey.

"A lot of it has to do with the direction the league is going, the direction the ownership wants to go in," Jackson said of his future. "People are cutting costs all around the league, and coaches are obviously going to take a cut too, so they may not even want to hire me. They may want to save some money."