According to ESPN and Sports Illustrated, he has been talking to the Orlando Magic about taking over their basketball operations. But he wants to be able to work from Los Angeles, and only travel to Orlando once per month.
Phil lives in Playa Del Ray. The Clippers work in...Playa Del Ray.
The biggest potential problem is the money. We're talking over $10M. And he would probably want to bring Brian Shaw along as head coach (I'd be all for that had the Clippers not already picked up Vinny's option). $10M is a lot more than $250k for a GM.
For those who don't recall, Phil took some shots at Donald Sterling a few years back.