Source: Jackson Signs On; 5 Yrs with Knicks
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.
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