New York, NY, United States (4E Sports) – The New York Knicks have reached an agreement with veteran point guard Derek Fisher to become their next head coach, according to multiple media reports.
Sources said the two sides are ironing out final details of a five-year, $25 million deal before the Knicks officially introduce Fisher at a news conference Tuesday.
After the news conference, Jackson will fly overseas Tuesday night for his son’s wedding, while Fisher is expected to attend Game 4 of the Stanley Cup finals at Madison Square Garden Wednesday night.
Fisher, who earned $4.73 million combined over the last three seasons and made $5 million just four times in his 18 seasons as a player, spent the past week deciding on his future after the Oklahoma City Thunder were knocked out of the playoffs.
The Los Angeles Lakers also expressed interest in hiring Fisher for their coaching vacancy. Fisher also was mulling a return to the court or a transition to the front office, but ultimately decided to join Knicks president Phil Jackson in New York.
Fisher’s relationship with Jackson is believed to be one of the factors that led him to choosing the Knicks. Fisher won five titles while playing for Jackson in Los Angeles. A source close to Jackson said he was “ecstatic” about landing Fisher.
Earlier, the 39-year-old Fisher spoke about his desire to coach in the NBA.
“In the last maybe decade or so, I’ve really felt like my purpose in life, my calling so to speak, was to be in a leadership position or some position of impact on other people,” Fisher said after the Thunder were eliminated from the playoffs. “Coaching allows for you to positively impact other people’s lives.”
Jackson initially sought Steve Kerr for the Knicks vacancy but the latter accepted an offer to coach the Golden State Warriors.