The New York Knicks have found their next head coach in Derek Fisher.

ESPN.com is reporting that Fisher and the Knicks have a deal in place that would earn Fisher $25 million over five years.

Fisher just finished a three year run with the Oklahoma City Thunder as a back-up point guard where he earned a total of $4.73 million.

Fisher's relationship with new Knicks President Phil Jackson is believed to be the reason Fisher will make the transition from player to coach.

Fisher's knowledge of Jackson's famed triangle offense and the pair's history with the Lakers - where they won 5 championships together could make for a winning combination.

The 39 year old Fisher takes over a Knicks team that only managed 37 wins last season and missed the playoffs for the first time in four years.