The New York Knicks head coach has reportedly agreed to a three-year contract extension to remain with the franchise through the 2027-28 season, according to ESPN’s Adrian Wojnarowski.
SNY’s Ian Begley reported Thibodeau’s new contract “is in line with the current market for head coaches” which has seen salaries regularly hit eight figures annually.
The news comes as little surprise after Marc Stein reported on June 26 that Thibodeau was expected to receive a contract extension from New York “in the near future.”
Thibodeau was hired by the Knicks ahead of the 2020-21 campaign, replacing Mike Miller, who was named interim bench boss after the franchise fired David Fizdale.