The New York Knicks gambled $60 million on a first-time executive in Phil Jackson but apparently had problems committing less than half that amount to a first-time coach in Steve Kerr.
Kerr, the only entry on Jackson's Mike Woodson replacement list for months, spurned New York's advances and instead opted for an offer from the Golden State Warriors. Money talks in this business, and the Knicks' cash reportedly wasn't speaking loudly enough.
Marc Berman of the New York Post explains:
The Post has learned Jackson’s initial offer to Kerr was a lowball of three years, $13.2 million. That offer stuck for more than a week before the Warriors got involved Tuesday.
...Had the Knicks originally offered Kerr five years, $22 million — $4.4 million a year — he probably would have closed the deal before Golden State could reenter the fray. Jackson only bumped the offer to four years in response to Golden State’s offer.
A source said Kerr wasn’t moving across the country for less money than the Warriors were offering. The Knicks have insisted Jackson, not owner James Dolan ...
Read Full Article at Bleacher Report - NBA
Article written by Zach Buckley
NY Knicks Reportedly Struck out with Steve Kerr by Being Cheapskates
May 17th, 2014 by Zach Buckley Leave a reply »
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