Rumor: Knicks May Offer Phil Jackson $50 Million

Although Carmelo Anthony said he would like to see Mike Woodson return to the New York Knicks next season, the front office may be looking for a different head coach.

Phil Jackson retired from the Los Angeles Lakers before the 2011-12 season and many people considered him as the greatest coach to have ever made his way to the NBA. Jackson has won 11 NBA championships as a coach of the Lakers and Chicago Bulls, and two as a player with the Knicks.

Rumors of a Jackson and Knicks reunion has been going around for quite some time and the latest reports indicate a lucrative contract for the Zen Master.

According to the Journal Times in Milwaukee the Knicks may offer Jackson a $50 million contract.

If the New York Knicks don’t advance beyond the first round of the playoffs, I’m hearing they’ll make a major — repeat, major — push to lure legendary coach Phil Jackson out of retirement. With money being no object, the scuttlebutt is the Knicks brass may offer the “Zen Master” a four-year, $50 million deal.

Even though Jackson is the bigger name and a coach with a championships pedigree, the Knicks must be certain he is worth $50 million for four years. Jackson is 66 years old and he has been dealing with health issues. He is no doubt the best coaching option for the Knicks, but the front office must be sure he is the best fit for the team.

Woodson has done a great job as the head coach and it would be only right to give him enough time with this squad.

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