Mike D'Antoni has accepted an offer to coach the New York Knicks, according to a media reports.
The former Phoenix Suns coach, who was also sought by the Chicago Bulls, has accepted a four-year, $24 million deal to take over the Knicks, according to reports by Sports Illustrated and The Boston Globe, both citing a league source.
The Knicks did not immediately confirm that D'Antoni is New York-bound.
ESPN's Stephen A. Smith had previously reported that the Knicks had outlined a four-year, $24 million offer for D'Antoni.
He takes over coaching duties for one of the league's most high-profile franchies -- and one that has fallen into disarray over the past two seasons under former coach and team president Isiah Thomas. Following a messy divorce with former coach Larry Brown, the Knicks went 33-49 in 2006-07 and 23-59 last season.
D'Antoni had two years and nearly $9 million remaining on his contract with the Suns, whom he led to two Western Conference finals. The Suns were eliminated in the first round of the NBA playoffs this season after trading Shawn Marion for Shaquille O'Neal.
The two-team chase for D'Antoni intensified when he talked to the Bulls in a late-evening conference call with team officials on Friday. And the Chicago Tribune reported that Bulls chairman Jerry Reinsdorf, who owns a home in the Phoenix area, planned to meet face-to-face over the weekend with D'Antoni.
D'Antoni has a 267-172 career coaching record with the Suns and Denver Nuggets. The Suns reached won at least 54 games in four of his five seasons and reached the Western Conference finals twice. He has a 26-25 record in the playoffs.