The New York Knicks and Phil Jackson have decided to part ways.
The New York Knicks and team president Phil Jackson will announce that they’re parting ways, as first reported by ESPN.
Conversations about what was best for the organization’s future between Jackson and team owner James Dolan accelerated this week as the franchise decided to not buy out the contract of star forward Carmelo Anthony.
Jackson, 71, has made it well known that he felt it was best for Anthony and the organization to split, both publicly and privately. However, Anthony has refused to waive his no-trade clause, and the Knicks were determined not to accommodate his request for a buyout. Anthony has two years worth more than $54 million remaining on his current deal.
With no end to the stalemate in sight, and free agency set to begin on Saturday, Jackson’s discussions with Dolan accelerated late Tuesday night and the decision was made to part ways.
It had become clear, sources said, that Jackson had no plans to remain beyond the two years left on the five-year contract he signed in 2014 that paid him $12 million a year. So with no clear path forward from the toxic situation with Melo, a constant public relations war over Jackson’s preferred triangle offense, and new concerns about the organization’s relationship with riding star and 2015 No. 4 overall pick Kristaps Porzingis, sources said it was clear things had reached a breaking point by the eve of free agency.