Phil Jackson doesn't want to lie to himself, he's done coaching.

"Sometimes I feel I can still get out there and do it but the reality is I'm kidding myself," Jackson said at a "Live Talks Los Angeles" event at the Alex Theatre in Glendale on Wednesday.

Jackson said he returned for one final year with the team in 2010-11 as a favor to the late Dr. Jerry Buss (and his support staff).

"When I was done I knew I was done -- physically it was over," he said. "Even though after I got a knee replacement and a prostatectomy in the last year and a half."

Jackson was diagnosed with prostate cancer midway through his final season, but has since recovered.

"It's those long flights and three o'clock nights -- getting up after five hours of sleep and going back to work, those are the things that wear you out," continued the Hall-of-Fame coach.

Jackson was greeted by an enthusiastic audience at the Alex Theatre, chanting the now familiar, "We want Phil."

Former Lakers center John Salley hosted the event to help Jackson promote his memoir, "Eleven Rings: The Soul of Success."

"I have no intention of coaching," said Jackson, reiterating that he's open to the idea of helping to shape an organization in the front office.

"[The Lakers are] going through crisis and if they ask me to come and sit and just listen to what's going on, I'm willing to do that," he said. "As of right now there's not a position that's open there, in which to have an influence -- so I understand that."

Naturally, he talks to his fiancee, Jeanie Buss, who is an executive and owner with the team.

"I'm trying to counsel her on ways the team can improve," he said. "They're a mess, we know that because of their financial disorder right now, that's the thing they have to get straight right away."

The Lakers are looking at massive luxury taxes this season, especially if they keep free agent Dwight Howard and Pau Gasol (with a year left on his deal). The team could end up paying in the neighborhood of $60-80 million in taxes. The collective bargaining agreement limits the tax teams in a variety of ways.

"For them to be able to move and to adjust to the process that goes on in the NBA, you have to have flexibility. The [way] the league is structured with its new CBA and how it penalizes teams - you can't make moves," said Jackson. "[With] guys like Carmelo [Anthony] and LeBron [James] in a couple of years, you've got to be capable of making a challenge for those kinds of players."