Jan 9, 2014; Los Angeles, CA, USA; NBA coach Phil Jackson (left) and actor John Lithgow watch the game between the UCLA Bruins and the Arizona Wildcats at Pauley Pavilion. Mandatory Credit: Jayne Kamin-Oncea-USA TODAY Sports

Report: Phil Jackson, Knicks have agreement in principle

After nearly a week of speculation, the New York Post is reporting that the New York Knicks and Phil Jackson have reached an agreement in principle for Jackson to oversee the Knicks basketball operations. His official title will be “president”, according to their source.

All that’s left is the lawyers finalizing the last contract details by week’s end before Jackson officially returns to the organization that drafted him and where he won two titles as a player.

The Post has learned Jackson gave the Knicks a verbal commitment on Saturday. The Garden still will not comment on Jackson’s status.

According to the New York Daily News, Jackson potentially could sign a deal that could earn him an upwards of $15 million per year.

James Dolan has reportedly solicited the help of Bill Bradley in negotiations with Phil Jackson and the two sides could sign a deal that earns Jackson in excess of $15 million per year, according to a source.

Jackson also has had preliminary discussions with the Knicks about owning a minority stake in the team.

The odd part is that, according to reports, Jackson won’t have a hand in everything that happens on a day-to-day basis. Per the report, Jackson’s plan would include him hiring a general manager while serving as the team’s final decision maker along with James Dolan.

It’s likely that Jackson will have a strong influence on the hiring the Knicks next head coach, assuming Mike Woodson is fired after this season. And if Jackson has his say, it’s likely that Steve Kerr would get at least a look. Kerr has been mentioned as a possible head coaching candidate under Jackson, the NY Post reports.

In a nutshell, Jackson would be a “yes” or “no” man, along with being, essentially, the new “face of the franchise”. 

Oh, yea. He’ll also rake in about $15 mill. Can’t forget that.




Tags: NBA NBA Rumors New York Knicks Phil Jackson

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