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It was recently reported that Ott and Cleveland assistant coach Johnnie Bryant were finalists for the job.
Iisalo is the first Finland-born head coach in league history.
Christie led Sacramento to a 27-24 record after he became the interim head coach.
Half of the opening round series will be decided in seven games.
“That’s my celebration now until somebody else has a problem with it,” he said.
“I was feeling that shot,” he said after the eight-point loss.
