Mark J. Rebilas/US Presswire

NBA Rumors: New York Knicks reach agreement to hire Phil Jackson

The New York Knicks have formally reached an agreement to hire Phil Jackson as their new president of basketball operations. The move comes almost a week after Jackson’s name surfaced as a possibility for the job and he steps into the job a lot faster than many thought he would.

According to Marc Berman from the NY Post, Jackson will be taking on the job of president of basketball operations, which differs from that of a general manager. To relate it to another sport, Phil Jackson just became the John Elway of the NBA.

Per the New York Post:

Phil Jackson has reached an agreement in principle to oversee the Knicks basketball operations and “president’’ will be in his title, according to a league 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 move is being seen as something that will save the Knicks. It’s unclear what the terms were that the two sides agreed on, but they were apparently very much to the liking of Jackson. His next move will be to decide what will happen with Mike Woodson, Steve Mills and others as the Phil Jackson era in New York is just a lawyers thumbs up from beginning.

Tags: New York Knicks Phil Jackson

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