Isiah Thomas is back at Madison Square Garden. Thomas has been hired to be president of the New York Liberty of the WNBA. Thomas also will have an ownership stake in the team. Garden CEO James Dolan, who owns the Knicks and Liberty and is an unflinchingly loyal Thomas supporter, said he began discussing the role with Thomas in the fall and he has been pleased with the results. “Now, we’ve agreed that it is time for him to take a lead role with the team as president, and through his ownership interest. He’s an excellent judge of talent, and I’m confident that he will put all of his energy and experience into making the Liberty a perennially competitive and successful team,” Dolan said in a statement.
July 25, 2016 | 10:06 pm EDT Update
After helping to deliver the Cleveland Cavaliers an NBA championship, head coach Ty Lue has agreed to a five-year, $35 million contract extension, league sources told The Vertical. The agreement was reached on Monday and a formal announcement is expected in the next 24 hours, league sources told The Vertical.
After his promotion to head coach following David Blatt’s firing in January, Lue gambled on himself and decided against signing a shorter, less lucrative deal as Cavaliers coach – never signing a three-year, $9.5 million contract framework. Lue’s decision turned out to be prophetic, because the Cavaliers’ improbable 3-1 comeback victory in the NBA Finals against the Golden State Warriors allowed for him to become compensated among the NBA’s elite head coaches.