News: In case you missed it…

Steve Kerr gave Knicks president Phil Jackson a verbal commitment to become the next head coach before backing out and heading to the Warriors.  (Isola).

Jackson has advised Carmelo Anthony not to opt out of his contract so it would add salary flexibility in the summer of 2015. (Isola).

When the Clippers were agreed to be sold for $2 billion to Steve Ballmer, the value of the Knicks sky rocketed.  MSG’s value increased $111 million as shares rose 3.3 percent in trading. The Knicks market cap is $4.2 billion. (NY Post).

Lamar Odom, a NYC native and Jackson favorite, will begin training at the Knicks’ facility on Monday. (Berman)

Jackson’s first two months as Knicks president haven’t gone as planned. (Popper).