Knicks Rumors: Tom Thibodeau Expected to Get Contract Extension After NBA Playoff Run

The New York Knicks are reportedly expected to offer coach Tom Thibodeau a contract extension worth upwards of $10 million per season.

Stefan Bondy of the New York Post reported a source “expressed confidence” the two sides will come to an agreement.

Thibodeau, 66, would be coaching in the final year of his contract in 2024-25. He’s made the playoffs in three of his four seasons in New York, guiding the team to its first second-round appearance in 11 years this season.

The Knicks were eliminated in the second round by the Indiana Pacers but fought valiantly amid a rash of injuries across the roster. Speaking to reporters after Sunday’s 130-109 defeat, Thibodeau downplayed any worry about his contract status.

“That’s something that my agent will take care of,” Thibodeau said. “The Knicks have been great to me. So this is where I want to be.”

Thibodeau previously spent five seasons with the Chicago Bulls and three with the Minnesota Timberwolves. Assuming things do not fall completely apart in contract negotiations, Thibodeau will likely finish his coaching career with his longest tenure coming in New York.

That will be a fitting end to his career after Thibodeau cut his teeth as an assistant under Jeff Van Gundy in New York and Houston.

Thibodeau is already the longest-tenured Knicks coach since Van Gundy’s 2001 exit.