Obviously, we'll have a lot more on this ASAP, but here's the money (only, really) comment from Jackson himself: “After a couple weeks of deliberation, it is time to get back to the challenge of putting together a team that can defend its title. It'll be the last stand for me, and I hope a grand one."
So he'll be back, for what appears to be one last roll with the rodeo.
The Lakers didn't announce any terms for the deal or that a contract was signed, but it's fair to assume everyone's on the same page or the team wouldn't make any public statements.
More to come!