PHIL Jackson is out as president of the New York Knicks after three tough years, according to reports.
The split is expected to be announced on Wednesday (Thursday, Manila time), espn.com reported while Carmelo Anthony's camp was also said to have been looking into a buyout although the Knicks rejected the idea.
The Knicks never made it to the playoffs in three seasons under Jackson, who has been vocal about moving star Anthony, who has two years and nearly $55 million remaining in his contract.
Jackson also still has two years on the deal he inked in 2014.
The 71-year-old 11-time champion coach also said a few days ago the Knicks are looking to move Latvian star Kristaps Porzingis, the fourth overall pick of the 2015 NBA draft.
The Knicks went 17-65 in Jackson’s first season in charge before going 32-50 and last year posted a 31-51 win-loss mark, nowhere near the playoff places in the Eastern Conference.