From the LA Times’ Mike Bresnahan.

Phil Jackson, who guided the Lakers to four Finals appearances in five seasons but was cast adrift last June, will be reintroduced as coach of the team this afternoon at a 2 p.m. news conference at Staples Center.

The Lakers emerged as winners of a two-month courtship process in which Jackson also received overtures from the Cleveland Cavaliers, Sacramento Kings and New York Knicks. Of those teams, the Knicks were the hardest to reject ” Jackson played 11 seasons with them and considered Knick coaching legend Red Holzman one of his most important basketball mentors.

What this will mean for the Knicks coaching hopes of Herb Williams, Bill Lambier or PJ Carlesimo, we should find out shortly.