By Eurohoops team / info@eurohoops.net
The New York Knicks have exercised team president Phil Jackson’s two-year option, according to reports, as mentioned on USA Today.
Jackson and the Knicks were in the third year of a five-year deal, although each had an out option after the third one. Knicks owner James Dolan had previously stated that he planned to honor all five years, and as ESPN reports, the option was picked up recently.