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Source: Jackson Signs On; 5 Yrs with Knicks

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Phil Jackson signed on to become president of the New York Knicks after a lunch meeting with team officials Friday, sources have told ESPN.

Todd Musburger, Jackson’s Chicago-based agent, was in Los Angeles to finalize the contract with Jackson and Knicks officials, according to sources. Jackson’s deal is for five years and is expected to pay him $12 million annually but does not include an ownership stake, sources said.

via Ramona Shelburne and Chris Broussard of ESPN New York

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Sources: 76ers Promote Elton Brand to General Manager

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Philadelphia has hired Elton Brand as general manager, league sources tell ESPN. Brand will be elevated from VP of Basketball Operations. He made strong impression on ownership and Brett Brown in process, beating out several inside and outside candidates.

Source: Adrian Wojnarowski on Twitter

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Sources: NBA Updates Salary Cap Projections for Future Seasons

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Sources: The NBA has informed its teams of updated projected salary cap and tax level for 2019-20 ($109M, $132M) and 2020-21 ($118M, $143M).

Sources: Shams Charania on Twitter

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Sources: Pelicans, Jarrett Jack Agree to Deal

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Free agent guard Jarrett Jack has agreed to a one-year deal with the New Orleans Pelicans, per league sources.

Source: Shams Charania on Twitter

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