They are going to rebuild with youth, and get themselves under the salary cap. They are one step ahead of the Lakers in regards to the youth portion of it, but well behind the Lakers in potential salary cap space, with the Lakers (if they don't re-sign Bryant, which I'm hoping the don't), being over 50 million under the cap next year.
As far as their new coach is concerned, he knows basketball. He took a small school like Butler to the NCAA Championship game 2 years in a row. He's young, he's smart, but he will need some time to grow into his job. I wish the Lakers had him. Put it that way. I was so pissed when the Cletics hired Brad Stevens