Phil Jackson is returning to the Los Angeles Lakers following a reconciliation with the team that cut him loose last year after three NBA championships in five seasons.

Spokesman John Black said Tuesday the team has rehired Jackson, who was let go by owner Jerry Buss last June 18.

A news conference was set for 5 p.m. EDT at Staples Center.

Jackson, who turns 60 in September, has had health issues in the past and underwent an angioplasty two years ago. He told ABC-TV before the opening game of the NBA Finals that he underwent a series of tests to make sure he was healthy.

Jackson's dismissal a year ago set in motion a makeover of massive proportions that proved to be disastrous.

Dominant big man Shaquille O'Neal demanded a trade and superstar Kobe Bryant opted out of his contract to become a free agent the same day Jackson's five-year run as coach ended.

The futures of O'Neal and Bryant were decided the following month, with O'Neal being traded to Miami and Bryant staying with the Lakers.

Rudy Tomjanovich succeeded Jackson, signing a five-year, $30 million contract, but lasted barely half a season, citing health reasons when he suddenly resigned Feb. 2.

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i hope everyone knew this was going to happen...