According to reports, former Phoenix Suns coach Mike D'Antoni has accepted an offer to coach the New York Knicks, thus ending a week of speculating whether D'Antoni would go to the Chicago Bulls or Knicks.

The deal is a four-year, $24 million package making D'Antoni the third highest paid coach in the league when factoring in annual salary. As reported by ESPN.com:

Two sources close to D'Antoni confirmed to ESPN.com that the coach has informed Knicks president Donnie Walsh that he's accepting New York's lucrative offer. The Knicks did not immediately confirm that D'Antoni is New York-bound.

Suns owner Robert Sarver wouldn't confirm that D'Antoni had taken the New York job, but told The Associated Press, "Mike called me this morning to thank me, so I figured this was up."

D'Antoni has been highly coveted by new Knicks president Donnie Walsh.

The move recent moves by the Knicks to remove Isiah Thomas completely from the player personal decisions can only be seen as a positive. However, change will take time as the franchise is carrying several contracts, including Stephon Marbury ($21,937,500 for ’08-’09) and Zach Randolph ($14,666,666, ‘08-’09; $16,000,000, ’09-’10; $17,333,333, ’10-’11) that will be hard to move to give any sense of payroll flexibility. The Knicks ended the 2007-2008 season with the second highest team payroll in the league at $88,877,161. Walsh and D’Antoni will be hamstrung again next season when the projected total payroll will be $90,991,250.

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