Phil Jackson, Knicks Exercised Mutual Option

The Knicks and team president Phil Jackson “quietly” picked up their respective sides of Jackson’s mutual option for the next two years this spring, according to Ramona Shelburne and Ian Begley of ESPN.com. The option would have allowed either side to exit the contract this year, but now that it has been exercised by both sides, Jackson is locked in through the 2018/19 season. Sources tell ESPN that the mutual option was exercised “a while ago.”

As another disappointing season in New York neared its conclusion, there had been speculation that one side or the other would opt out of Jackson’s contract. A report in March suggested that some people close to Knicks owner James Dolan were urging him to make a change, despite his public commitment in February to retaining Jackson.

Meanwhile, Jackson just finished a turbulent 2016/17 season that saw him publicly clash with star forward Carmelo Anthony in the weeks and months leading up to the trade deadline. In Jackson’s three years as New York’s president, the team now has an 80-166 overall record. However, he has long insisted that the option was only inserted in his contract as a precautionary measure related to CBA talks, since he didn’t want to stick around through another lockout.

With Jackson poised to manage the Knicks’ roster through another season, he’ll have plenty of interesting decisions to make this summer, including potentially trading Anthony, deciding whether to attempt to bring back free agent point guard Derrick Rose, and determining which player to draft with the club’s lottery pick.

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