Clippers sign Doc Rivers to contract extension through 2018-19

Los Angeles Clippers head coach Doc Rivers has agreed on a contract extension that will keep him with the organization for at least another four seasons.

Rivers, who is also the team's president of basketball operations, signed a contract that will run through the 2018-19 season, the team announced Wednesday.

The deal will pay him over $10 million per season, ESPN's Arash Markazi reports. Rivers had two years remaining on the three-year, $21-million contract he signed when he joined the Clippers in 2013.

Owner Steve Ballmer issued the following statement:

This is an important day for this organization. I am excited to work with Doc for a long time as we build a championship culture that will deliver results both on and off the court. Not only is Doc one of the best coaches and executives in the game, but he continually embodies the hard core, committed and resilient character and winning culture that the Clippers represent. It was one of my top priorities to ensure that he was firmly in place as the long-term leader of this team.

Ballmer's purchase of the Cippers from former owner Donald Sterling was finalized two weeks ago.

Rivers previously expressed trepidation about continuing to work with the organization if Sterling had remained in control of the team.

Los Angeles appointed Rivers head coach in June 2013, and he led the club to its best record (57-25) in franchise history. He was named president of basketball operations one year later.

Rivers said the team is in good hands with Ballmer in control:

Steve has shown a clear and determined desire to make the Clippers one of the most elite, first-class and championship organizations in all of professional sports. We know we have work to do to get there, but I am motivated by the challenge and thankful for the opportunity to stand together with Steve as we continue to move toward our goal of winning an NBA title.