Nov 20, 2008 - 7:56 PM
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Financial terms of the deal were not disclosed.
Laimbeer has compiled a mark of 136-90 in seven seasons with Detroit, and has led the franchise to three WNBA titles (2003, 2006, 2008).
"Bill has established himself as a premier professional basketball coach and general manager," President of Palace Sports & Entertainment Tom Wilson said.
"His ability to assemble talent - both players and coaches - and inspire his teams to become champions has led to the ultimate prize for the Shock in three of the last six seasons. The Palace is fortunate to have such an impressive leader guiding our WNBA team into the future."
A "Bad Boy" on the Detroit Pistons teams that won two straight NBA championships from 1989-90, Laimbeer is the all-time leader in both postseason and WNBA Finals victories.
