The New York Knicks and team president Phil Jackson are expected to announce that they're parting ways early Wednesday morning, sources told ESPN.
Conversations about what was best for the team's future between Jackson and Knicks owner James Dolan accelerated this week when the franchise decided it would not buy out embattled forward Carmelo Anthony, sources said.
Jackson, 71, had made it well known that he felt it was best for Anthony and the organization to part ways, both publicly and privately, but Anthony refused to waive his no-trade clause, and the Knicks were determined not to accommodate any request for a buyout.