He could earn between $12 and 15 million a year, and the two sides have discussed Jackson getting a minority stake in the organization (Isola, March 12). This would make Jackson the highest paid NBA executive in league history.
The Knicks have money; it's time they spent it.
I love the move to bring in Phil Jackson, largely because it brings some credibility to the organization -- you know, one that used to Isiah Thomas running the shots. Whatever you want to say about Jackson, it's undeniable the guy has a brilliant basketball mind and has proven to be a winner at every stop along the way.
It'll be interesting to see how he handles this new role, one he has never performed in, and what kind of impact it'll have on the Knicks' offseason, primarily (and obviously) in regards to Carmelo Anthony's impending free agency. And in terms of money, I can't think of another front-office member to pay the big bucks to better than Jackson. For once -- and I say this holding my breath -- the Knicks are putting their money in the right place.