The Knicks did not confirm the hiring, other than saying they were planning a "major announcement."
The person who confirmed the deal to AP spoke on condition of anonymity because neither side authorized the public disclosure of any information related to the deal.
The 39-year-old Fisher just completed his 18th season, finishing his career with the Oklahoma City Thunder. He played under Knicks President Phil Jackson with the Los Angeles Lakers, and helped that franchise win five NBA titles.
Fisher would have been an unrestricted free agent this summer, though it was widely known that this season would be his last as a player. And once the Knicks failed to close a deal with Steve Kerr — who wound up accepting an offer from Golden State — Fisher was believed to be the next target on Jackson's list.
Jackson was fined $25,000 for the league last week for a tampering violation involving Fisher. He was still under contract with the Thunder when Jackson told New York reporters that Fisher was "on my list of guys that could be very good candidates" to replace Mike Woodson on the Knicks' sideline.
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