Derek Fisher agrees to $25 million deal to coach Knicks

Derek Fisher has agreed to a five-year, $25 million deal to become coach of the New York Knicks.

After Knicks president Phil Jackson lost his top coaching candidate, Steve Kerr, to the Golden State Warriors, Fisher became Jackson’s primary target and the 18-year NBA veteran will retire to take the job.

Fisher, 39, had been seeking the same five-year commitment the Knicks had given Jackson to be president.