Knicks closer to finalizing deal with Kerr

Reuters/The Sports Xchange

Posted at May 13 2014 08:25 PM | Updated as of May 14 2014 04:25 AM

The New York Knicks are closer to finalizing a deal with Steve Kerr to become head coach of the team, according to the New York Daily News.

Kerr's agent, former New York Jets general manager Mike Tannenbaum, is negotiating with the Knicks. The two sides are reportedly optimistic that a deal can be completed this week.

However, money is holding up the deal. Kerr is reportedly seeking a $30 million deal, according to the New York Post. Yahoo Sports reported that the Knicks want to pay Kerr a salary more in line with a first-time coach than an established star.

- - -

The Golden State Warriors will interview Stan Van Gundy for their head coaching vacancy, according to

The Warriors had interest in Kerr, but are turning their attention to Van Gundy because they believe Kerr will take the Knicks' job.

Van Gundy said in a recent radio interview that he has mixed feelings about returning to coaching. He has compiled a 371-208 record (.641) as coach of the Miami Heat and Orlando Magic over seven seasons. He last coached the Magic two seasons ago.


The sale of the Milwaukee Bucks to New York investors Marc Lasry and Wesley Edens "is moving quickly," the Milwaukee Journal Sentinel reported.

Herb Kohl, a former U.S. senator, announced last month he is selling the team he has owned since 1985 to Lasry and Edens for $550 million, which includes assumed debt. Lasry and Edens, who are hedge-fund billionaires, have committed $100 million toward the cost of a new arena, as has Kohl, who made a condition of a sale that the team would remain in Milwaukee. (Editing by Gene Cherry)