Frank is under contract for next season for $4 million, but the team controls a $4 million option for the 2014-15 season. In nine seasons as an NBA coach, Frank's overall record is 279-335, including a 29-53 mark this season.
The organization is expected to meet with the coach on Thursday to discuss his future. The team has cleared significant salary-cap space for the offseason to try to lure a couple of free agents to the team.
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Within the organization, Frank has been insistent that the Pistons' full-blown rebuilding project and recent instabilities in the head coaching position make it largely unworkable for him to return as a lame-duck coach for the 2013-14 season.
Nevertheless, Frank has been passionate in his desire to stay the course through Detroit's long-term rebuilding process. After purchasing the Pistons in 2011, Frank was Gores' first significant hiring as owner.