Report: Jeff Hornacek, Knicks agree to three-year, $15 million deal

Jeff Hornacek has agreed to a three-year, $15 million deal to become the new head coach of the New York Knicks.

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Jeff Hornacek has agreed to a three-year, $15 million deal to become the new head coach of the New York Knicks, ESPN’s Ian Begley reports.

The first reports that Hornacek had agreed to coach the Knicks emerged in mid-May, but the two sides had been working on the terms of the deal before announcing the partnership. The team is expected to officially announce Hornacek as head coach later this week.

The former Suns coach was fired by Phoenix midway through the 2015–16 season after three years at the helm of the team. He owns a career record of 101–112 in Phoenix, but the Suns were just 14–35 at the time of his firing. 

• MAHONEY: Jeff Hornacek's arrival marks overdue attempt to modernize Knicks

Hornacek, 53, will replace interim Knicks coach Kurt Rambis, who was given that title after Derek Fisher was fired 54 games into the season. Knicks president Phil Jackson selected Hornacek over other coaching candidates that included Rambis, David Blatt and Frank Vogel.

Hornacek, who will be the Knicks’ fifth coach in six seasons, will be charged with turning around a Knicks team that finished last year 32–50 and has not made the playoffs since the 2012–13 season.