James Dolan throws away money again to part with Phil Jackson
On Wednesday, the New York Knicks and Phil Jackson mutally agreed to part ways, ending a rocky marriage of more than three years. The relationship was not only a complete boondoggle on the court, going 90-171, but it also turned into a financial disaster for the franchise. When owner James Dolan agreed to pay Jackson $12 million a year in March 2014, it was, by far and away, the largest deal ever given to a team executive and remained so until this day.
