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The entire basketball community in NYC is hoping Derek Fisher can restore some integrity to the struggle that has become the New York Knicks. As is his former coach and new boss Phil Jackson.

The five-time NBA champion has agree to coach the Knicks back to greatness for more money than he’s made as a player these past few seasons.

Reports ESPN:

The New York Knicks have an agreement in place with Derek Fisher to become the team’s next coach, according to multiple outlets, including

The two sides are in the process of finalizing a five-year, $25 million deal, according to Yahoo! Sports.

Phil Jackson’s second choice may ultimately be the best fit for New York. Story

Bradford Doolittle writes that Derek Fisher must find his own voice as head coach of the New York Knicks. Story Insider

The Knicks have scheduled a news conference at 11:30 a.m. ET Tuesday to “make a major announcement.” After the news conference, Jackson will fly overseas Tuesday night for his son’s wedding, while Fisher is expected to attend Game 4 of the Stanley Cup finals at Madison Square Garden Wednesday night.

Fisher, who earned $4.73 million combined over the last three seasons and made $5 million just four times in his 18 seasons as a player, spent the past week deciding on his future after the Oklahoma City Thunder were knocked out of the playoffs.

Jackson was recently fined $25,000 for trying to bait Fisher to come out to Madison Square Garden while he was still under contract with the Thunder.

It looks like the gamble paid off.

Photo: WENN