It had been rumored for some time that the New York Knicks would pursue Derek Fisher for their vacant head coaching position and yesterday it was finally came to fruition.
— NBA.com (@NBAcom) June 9, 2014
Fisher brings championship experience, having won 5 of them in his 18 year career. What he also brings is familiarity with both Phil Jackson’s coaching philosophy and the triangle offense having played under him for 9 years during 2 separate stints in Los Angeles; both of those factors appear to have been prerequisites for the position. The Knicks pursued Steve Kerr who had a similar background as Fisher but were beat out for his services by the Golden State Warriors who signed Kerr to become their head coach.
Sources: New York finalizing a 5-year, $25 million deal to hire Derek Fisher as coach. http://t.co/nxY6GFJV8O
— Adrian Wojnarowski (@WojYahooNBA) June 9, 2014
Fisher’s contract is reported to be for 5 years and 25 million total which would be identical to the contract that Kerr signed in Golden State. The going rate for first time coaches appears to have gone up considerably as it was only last year that first time coach Jason Kidd signed a 4 year /10.5 million contract and one year prior Mark Jackson signed for 3 years at 6 million with Golden State.
Their were reports that the Los Angeles Lakers were interested in interviewing Fisher for their head coaching position but that was dispelled last week with a report that the Lakers were seeking experienced head coaches only.
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