Scott won three NBA titles as the Lakers' starting shooting guard in the 1980s. He played in the NBA for 14 seasons, including 11 with the Lakers.
As a coach, Scott led the then-New Jersey Nets to the NBA Finals in 2002 and 2003. He has also coached the New Orleans Hornets and Cleveland Cavaliers, earning league Coach of the Year honors in the 2007-2008 season in New Orleans.
The Lakers have been searching for a coach since the resignation in April of Mike D'Antoni, after one of the worst seasons in the club's history.
D'Antoni's departure came less than 18 months after the Lakers brought him in to take the place of Mike Brown early in the 2012-13 campaign.
The Lakers under D'Antoni went a total 67-87, including a 27-55 mark in the 2013-14 season with injured superstar Kobe Bryant missing all but six games.
Their .329 winning percentage was the second-lowest in the Western Conference and the Lakers' worst since the 1957-58 Minneapolis Lakers went 19-53 (.264).