REPORT: Knicks' Tom Thibodeau nearing $10-plus million extension

We have been talking about Tom Thibodeau and his impending extension for months on end... and it’s starting to look like the announcement of the pact is imminent.

According to NBA insider Marc Stein, in the latest edition of his newsletter, published on July 21, that announcement will happen “in the near future.”

“There was a strong expectation in the desert that a contract extension for Knicks coach Tom Thibodeau will be announced in the near future.

“Thibodeau would be entering the final season of his original five-year contract without an extension but has been regarded for weeks as a lock to receive a new deal that pays at least $10 million annually after leading the injury-ravaged Knicks…