New York Knicks

New York Knicks still owe Tom Thibodeau $30M

Published

June 4, 2025

Mar 25, 2025; New York, New York, USA; New York Knicks head coach Tom Thibodeau at Madison Square Garden. Mandatory Credit: Wendell Cruz-Imagn Images

The New York Knicks have fired Tom Thibodeau as head coach. Despite this, Thibodeau is still owed $30M from the Knicks.

Related: NBA fans react to shocking Tom Thibodeau firing

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The Knicks still owe Tom Thibodeau $30M guaranteed after recently signing an extension, per @IanBegley.

Insane ???? pic.twitter.com/Ni2T6l85cg

— Legion Hoops (@LegionHoops) June 4, 2025

Thibodeau brought the Knicks out from the basement of the league to relevancy. From 2001 to 2020, New York won a single playoff series.

Under Thibodeau, they won a playoff series in three straight seasons. Their trip to the Eastern Conference Finals was the first time the franchise reached this stage since 2000.

Was Thibodeau’s firing unfair? It certainly seems that way. But Thibodeau will be smiling knowing he still has $30M coming his way.

About the Author Published Jun 4, 2025

TITAN FREY

Titan Frey is a dedicated father to three wonderful children, whom he takes immense pride in. His passions include reading, writing, basketball, both playing and watching, and playing chess. Titan spent five years working as a journalist for the basketball website fadeawayworld.net, where he served as editor-in-chief for four and a half years. One of his most notable achievements was interviewing Chuck Cooper III, the son of Chuck Cooper, the first African American ever drafted by an NBA team, and writing a biography that has been praised as the most definitive article about Cooper’s legacy. Titan is the author of more than ten novels and the screenwriter of three produced short films. His newest young adult novel, Echoes of the Hardwood: Braxton Foxworthy’s Time‑Travelling Book Report, blends basketball history with heartfelt storytelling and is now available. Order here: https://a.co/d/bo7BYz1