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Via newyork.cbslocal.com:

Phil Jackson is the Knicks’ new president of basketball operations.

As CBS 2’s Otis Livingston reported, there was no word Wednesday on when Jackson will be officially introduced. But his hiring was confirmed by NBA TVWednesday night.

Reports earlier Wednesday said the Hall-of-Famer Jackson had agreed in principle to run basketball operations for the Knicks, according to the New York Post.

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