Sources: Jackson Taking Over Knicks
(NEW YORK) -- Sources say the New York Knicks have agreed to terms with Phil Jackson to become the team's new President of Basketball Operations. A statement released by the team said a press conference has been scheduled for Tuesday morning with the Knicks set to make a "major announcement".
Jackson played for the Knicks and helped the franchise to its only two NBA Titles in 1970 and 1973. According to those with knowledge of the agreement, Jackson has signed a five-year deal to join the New York's front office.
Known effectionately as "The Zen Master", Jackson coached the Los Angeles Lakers to five world titles and was rumored to be in talks with the team to return to LA in some capacity. Jeanie Buss, Jackson's fiancee and daughter of the late Lakers owner Jerry Buss, will reportedly stay in LA where she is the Lakers team president.
The 13-time NBA Champion will take over for current team president and general manager Steve Mills, who is expected to remain with the team. Jackson takes over a squad that has performed below expectations this season but has won five in a row and sits just three and a half games outside of a playoff spot.
Much of Jackson's initial tasks will include what to do with forward Carmelo Anthony who is set to become a free-agent at the end of the season. It is also believed that Jackson will look to replace current head coach Mike Woodson.
Copyright 2014 ABC News Radio