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Ty Lue signs new long-term contract with Clippers

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LA Clippers coach Ty Lue has signed a new long-term contract that will make him one of the NBA's highest-paid coaches, sources told ESPN.

Clippers owner Steve Ballmer and president of basketball operations Lawrence Frank had been eager to secure Lue on a new deal, and negotiations with his agent, Andy Miller of Klutch Sports, led to a finalized agreement in recent days, sources said.

The Clippers announced the deal later Wednesday but did not disclose terms.

"This is where I want to be," Lue said in a statement.