With regards to the contract, just look at Monty Williams on the Pistons. They gave him a huge contract at the start of the season, and when the Pistons saw what happened to them, they fired him just a few days ago. They still owe him around $70 Million for 6 years (IIRC) which is pretty great. Career is most likely over? I guess so, but he can just sign with another team as a head coach if he wants to and some team wants him. At the end of the day, things like this are pretty common already especially now that many teams always wanted to have a new coach if they see their team struggling all throughout the regular season.
Imagine getting fired but having a guaranteed $70million still coming in lol. I'm sure Monty Williams is just fine. And yeah this isn't the end of the road for him he can easily get a job as a college basketball coach, or even an NBA assistant. With the money coming in guaranteed he can choose whatever he wants to do now good for him.
This is why the Pistons' management sucks. They got a bust player a few years ago in Killian Hayes. Yes, they got Cade, but they didn't get good players after that. It's just too sad for them that after tanking for how many years, they still can't get that number 1 draft pick since Cade. What's even worse is that they paid Monty Williams a 6-year $70M just to fire him after his first year. What a clown they really are.
He's good, and like what I said, other teams can just hire him as long as they're willing to pay higher than what the Pistons are giving to him (which is around ~$12M per year). I don't think that somebody who coached the Pistons like that will give him a huge contract though. TBH, I'm thinking "what if nobody will hire him in the next 5 years? At that time, there might be better coaches than him anymore." It's a possibility that in 5 years' time, nobody will hire him anymore because we might see better coaches already.
Anyway, I saw on a Facebook post that the Lakers are interested in getting CP3. Who do you think the Lakers will give just to get the "Point God"?