Roth will remain in the role until the end of the 2024-25 competition, with a mutual option for a further year.

He was signed to the new NBL franchise on a two-year deal and was named coach of the year after the JackJumpers' against-the-odds run to the playoffs.

"It's been quite the journey. The people of Tasmania have been so welcoming," Roth said on Friday.

"Obviously it was a fairytale season but we have so much more work to do. We woke up a sleeping giant and now we've got to keep it awake."

Tasmania became the first NBL team to make the top four in a debut season, before going down 3-0 to the Sydney Kings in the best-of-five grand final series.

Roth, who hails from America and played 160 NBA games, recently revealed he almost stepped away from the job before the season began because of homesickness.

Tasmania's imports Josh Adams, Josh Magette (both America) and MiKyle McIntosh (Canada) were a big part of the club's success.

Roth said talks with the trio would commence next week, with the NBL entering its free agent period.

"It is a business and I can say 'yes they've been great, I'd love to have them all back', but the reality is money talks," he said.

"Where they're at in their life talks, what they're looking for down the road talks.

"We'll try to be as accommodating as we can to make them come back here. But there are always other opportunities."

JackJumpers chief executive Simon Brookhouse said Roth has built an incredible foundation for the club.

"I know the players love him and respect him. Nearly all the players said the one reason they were here was because of our coaching staff," he said.

"Scott not being able to see his family for the best part of 18 months (was) really tough. Thankfully we were able to work it out and he's still here."

Australian Associated Press