Report: Knicks exercise two-year option for team president Phil Jackson
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The New York Knicks have quietly exercised team president Phil Jackson’s two-year option, according to a published report on Thursday.
Jackson and the Knicks were in the third year of a five-year deal, although each had an out after Year 3. Knicks owner James Dolan had previously stated that he planned to honor all five years, and ESPN reported that the option was indeed picked up in recent weeks.
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The Knicks finished the season 31-51 under first-year coach Jeff Hornacek and are a combined 80-166 over the last three seasons.
Jackson won two titles with the Knicks as a player and 11 more as coach of the Chicago Bulls and Los Angeles Lakers.