Although George Karl has been seen by most as the frontrunner for the Kings' coaching vacancy, Adrian Wojnarowski reports that Sacramento is giving serious consideration to giving the job to Chris Mullin. Mullin is currently a part of the Kings front office with the title of "Advisor to the Chairman".
Wojnarowski cites an anonymous NBA general manager who says, "All [Mullin] has to decide is that's what he wants and the job is his."
Ranadivé is apparently intrigued with the success of Steve Kerr with the Golden State Warriors and wants to make a splashy hire. Mullin shares some similarities with Kerr in that he has previous front office experience but no coaching experience. However there is one major difference between the situation Kerr landed and the one Mullin would inherit; The Warriors were already a team that showed they could win a lot, having made the playoffs for two years in a row already. The Kings meanwhile are 11-13 which is their best start in years but not particularly close to making the playoffs in the deep Western Conference.
It's important to note that Mullin himself hasn't committed to becoming a coach yet, as he's preferred to be a front office type since retiring as a player. Perhaps the most important part of Woj's latest piece is this tidbit (bold emphasis mine):
The Kings will keep Tyrone Corbin as the interim coach for the near future, but haven't ruled out the hiring of a full-time coach sometime this season.
Corbin will have a chance to prove himself, especially since DeMarcus Cousins is coming back soon, but should he stumble out of the gates, the Kings could choose to be aggressive in searching for Mike Malone's replacement. Whether that's Mullin, Karl or someone else remains to be seen.