Knicks to offer Tom Thibodeau contract extension / News - Basketnews.com

The New York Knicks is planning to extend a contract extension to head coach Tom Thibodeau that will likely approach $10 million annually.

Credit: AP-Scanpix Credit AP-Scanpix

The New York Knicks are expected to extend a long-term extension to head coach Tom Thibodeau.

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The offer could approach $10 million annually, according to The Athletic's Shams Charania.

Thibodeau, who was hired by the franchise in 2020, is entering the final year of his contract next season and the Knicks are hoping to secure the coach for the next several years.

"He is going to be entering the final year of his contract next season," said Charania. "You're not going to let a coach like Tom Thibodeau go into a lame duck year. That's why, I'm told, both sides will discuss a new deal in the offseason. The Knicks very much want to lock in Tom Thibodeau long-term."

Tom ThibodeauCredit AP-Scanpix

"If he were to ever become a coaching free agent, there's not a short list of teams that would try to go get Tom Thibodeau. He's at about $7 million per season right now on his current deal. We see where these coaches contracts are going. It wouldn't surprise anyone if his next deal approaches eight-figures."

Thibodeau and the Knicks hold a 3-2 series lead over the Indiana Pacers in the Eastern Conference semifinals.

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