The new members won't be announced until tomorrow, but nominees who are elected are typically informed by Hall of Fame officials the Friday before the announcement takes place.
Jackson, 61, will become the Lakers' 18th inductee at a ceremony in September in Springfield, Mass. He declined to comment Friday but spoke about a Hall of Fame spot when the Lakers put him up for nomination in January.
"It's an honor," Jackson said at the time. "I've always said these types of things are a reflection of a lot of things - the system that we've run, the influence of the people that have been on my staff, and the players we've been lucky enough to have coached."
Jackson has an overall NBA record of 915-387 (.703).
Unlike players, coaches do not need to be retired for five years to be considered for the Hall of Fame, but they need to have 25 years of coaching experience. Jackson is in his 16th season as a head coach, but his time as an assistant coach with the Chicago Bulls and New Jersey Nets counts toward the requirement.