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Phil Jackson's 2-Year Contract Option Reportedly Picked Up by Knicks

Mike Chiari@mikechiariFeatured ColumnistApril 13, 2017

LOS ANGELES, CA - MARCH 24:  Phil Jackson gives a speech during the Los Angeles Lakers unveiling of the Shaquille O'Neal statue during an event on March 24, 2017 at STAPLES Center in Los Angeles, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2017 NBAE (Photo by Adam Pantozzi/NBAE via Getty Images)
Adam Pantozzi/Getty Images

The New York Knicks and team president Phil Jackson reportedly picked up their mutual option for the final two years of his contract.

According to ESPN.com's Ian Begley and Ramona Shelburne, a source indicated the decision was made "a while ago," which means Jackson stands to remain in his current position through the 2018-19 campaign.

Per Begley and Shelburne, Knicks owner James Dolan said during a Feb. 10 interview on ESPN New York 98.7 FM's The Michael Kay Show that he planned to honor Jackson's five-year deal "all the way to the end."

The Knicks have struggled during Jackson's tenure, as they are just 80-166, and recently completed a 2016-17 campaign that saw them finish 31-51.

He made splashy moves last offseason by signing big man Joakim Noah and acquiring point guard Derrick Rose from the Chicago Bulls, but New York finished with one less win than it did in 2015-16.

Jackson also made headlines for seemingly slighting Carmelo Anthony in February with a tweet in response to an article by Bleacher Report's Kevin Ding.

The 71-year-old is an 11-time NBA champion as a head coach with the Chicago Bulls and Los Angeles Lakers, and won two NBA titles as a player with the Knicks.

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That hasn't translated to success in his current role, as New York hasn't reached the playoffs since 2012-13.

For more news, rumors and related stories about the New York Knicks and the NBA, check out the NBA and Knicks streams on Bleacher Report's app.