Scott Perry is signing a five-year contract to become New York's general manager, league sources told ESPN.
Perry, formerly the Kings' vice president of basketball operations, will report to Steve Mills. The Knicks are planning to sign Steve Mills to a new multi-year deal as president, promoting him from GM, league sources said. Phil Jackson was dismissed as president of basketball operations shortly before the free-agency period.
As part of the deal, the Kings and Knicks agreed on a future second-round pick and cash considerations, sources told ESPN.
Mills will still retain ultimate authority in the front office, but Perry will be given freedom to operate as he chooses, league sources said.