He also coached the Lakers from 1981 to 1990 and was named NBA Coach of the Year in the 1989-90 season, establishing himself as one of the most influential coaches in league history.

Since 1995, Riley has served as president and minority owner of the Miami Heat, where he built championship teams and has been honored by having their court named after him last season.

The Lakers' upcoming 2025-2026 season schedule begins on October 21 against the Golden State Warriors, with 34 national TV appearances, and features a key game against Riley's Heat early in the season.

The statue of Riley will be placed alongside those of Lakers legends like Kareem Abdul-Jabbar, Magic Johnson, and Kobe Bryant, making him the eighth Lakers star to be honored in this way.

Riley's legacy is characterized by his professionalism, innovative coaching style, and his role in shaping the Lakers' iconic 'Showtime' era, with his image often associated with slicked-back hair and Armani suits.

His influence on basketball includes pioneering a fast-break offense that helped define the Lakers' identity and contributed to their historic success.

While Riley's legacy is celebrated, some fans question whether his statue should depict him as a coach or player, and whether he should be represented in a suit rather than a jersey.

There is some controversy among fans regarding the timing and justification of Riley's statue, with critics citing his controversial departures from previous teams and perceived recent lack of accomplishments.

Insiders suggest that the Lakers may soon plan a statue for Phil Jackson, another legendary coach, with some fans proposing Jackson should be honored before Riley, highlighting ongoing debates about Lakers' historical figures.

Pat Riley, a legendary figure in NBA history, is set to be honored with a statue at the Los Angeles Lakers' Star Plaza during a game against the Boston Celtics on February 22, celebrating his significant contributions as both a player and a coach.

Riley's Lakers legacy includes coaching during the 'Showtime' era, winning four NBA championships, and playing for the team from 1970 to 1975, notably contributing to their 1971-72 record 33-game winning streak and their 1972 NBA title.

Some fans speculate that the Lakers are considering Riley's statue to influence team trades and enhance LeBron James' chances of receiving a statue, reflecting ongoing debates about his legacy.