Rumor: Knicks may make $50 million offer to Phil Jackson

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Carmelo Anthony and Amare Stoudemire may want Mike Woodson back — especially ‘Melo — but that likely is not what Knicks ownership is thinking in terms of who coaches the Knicks next year.

Check out this rumor from the Journal Times in Racine.

If the New York Knicks don’t advance beyond the first round of the playoffs, I’m hearing they’ll make a major — repeat, major — push to lure legendary coach Phil Jackson out of retirement. With money being no object, the scuttlebutt is the Knicks brass may offer the “Zen Master” a four-year, $50 million deal.

First off, while that is major money, it’s not really more than he made at his peak during his second stint with the Lakers, when he pulled $12 million a year. (At the request of owner Jerry Buss Jackson took a pay cut his last season.)

There is a buzz around the idea of Phil Jackson to the Knicks — owner James Dolan wants to win and wants to make a splash and this would be the biggest splash there is. Jackson was a player on the last Knicks team to win a title in 1973 and has long had an affinity for the city. He brings 11 rings. Of course, also he brings an offensive system that is a questionable fit for the roster (especially if they go after Steve Nash).

But I still think that the physical grind on Jackson was too much last time around. Just watching him that last season with the Lakers, I don’t think he wants to come back and be a head coach anymore. His health and ability to enjoy all that money he already has earned matters to him and I think wins out in the end.

The Knicks may flirt with others — John Calipari, maybe — but may well end up back at Woodson. Who has done a good job getting the Knicks to play defense. He has earned another crack at this. And he comes in at a better price than Jackson.