The New York Knicks management elected their new head coach with a good salary. After parting with Tom Thibodeau with an unexpected playoff exit, the front office considered a suitable replacement, Mike Brown, to lead their team.
According to SNY’s Ian Begley, Brown signed a four-year, $40 million deal with the Knicks. The deal indicates a significant investment by the franchise. The move was reported by The Athletic’s Shams Charania and marks the end of a month-long leadership search for the Knicks.
However, Beagly reports that the team still owes the former coach a staggering $30 million after his dismissal last month. Adding Brown’s new contract, the Knicks will spend $70 million on head coaching over the next few years. The number could shift slightly depending on offset clauses in Brown’s prior contract with the Sacramento Kings and any buyout resolution with Thibodeau.
At 55, Brown already led the Cleveland Cavaliers, Los Angeles Lakers, and Sacramento Kings. And now he will lead a Knicks team that already reached the Eastern Conference Finals last season. Though they lost in the sixth game, their current form seems to be at a high level compared to last season’s momentum.
The expectations are high for the Knicks, and Brown became the fourth head coach in his NBA career. His experience will expand the Knicks’ depth to grow and experiment more to chase a strong playoff surge.
NBA Offset Clauses Play A Vital Role In Mike Brown’s Salary
The Sacramento Kings fired Brown in December. He was just one year into a contract extension worth $8.5 million annually through 2027. But as a standard offset clause in the league’s coaching deals, the payout is now likely reduced. Brown’s new salary with the Kings will reduce what the Kings still owe.
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The complete information about that offset is not clear yet. But it is a slight advantage for the Kings after firing their coach, who ended their 16-year playoff drought in 2023.
Brown enters as a promising leader for the New York Knicks to enforce their title hopes. With a huge responsibility and expectations under pressure, Brown must make his contribution worthy of his salary.
