Report: Van Gundy Gets Extension
Jul. 23, 1999
NEW YORK (AP) _ Jeff Van Gundy, who coached the New York Knicks to the NBA Finals, finally has the two-year contract extension he was seeking, the Daily News reported Friday.
The Knicks said no announcement was scheduled. Attempts to reach Van Gundy's agent, Ron Ades, were unsuccessful.
Under his current contract, Van Gundy will be paid $2 million next season. By winning the Eastern Conference title last month, a $3.5 million extension for the 2000-01 season automatically kicked in. The new deal, extending Van Gundy's contract through 2002-03, is worth between $8 million and $10 million, a high-ranking NBA official told the Daily News.
Van Gundy has a 140-97 record in his four years as head coach, all with New York, and is 26-22 in the postseason. He was nearly fired in March and April because of disagreements with then Knicks president Ernie Grunfeld.
Grunfeld was fired instead on April 20.
New York won six of the final eight regular-season games and, seeded eighth in the Eastern Conference, beat Miami, Atlanta and Indiana in the playoffs before losing to San Antonio in five games in the NBA Finals.
Throughout the postseason, Madison Square Garden president Dave Checketts refused to confirm Van Gundy would be his coach next season. Checketts pursued former Chicago Bulls coach Phil Jackson, who signed with the Los Angeles Lakers last month.