(SportsNetwork.com) - The New York Knicks are reportedly close to a deal that could make Phil Jackson the head of the team's basketball operations.

Speculation surrounding the Knicks and Jackson has been rampant for a few days, but ESPN has cited a source as saying only a few details need to be ironed out. The report also said an official announcement might not come until next week.

Jackson retired from coaching in May 2011 after leading the Chicago Bulls and Los Angeles Lakers to a combined 11 NBA titles. He guided the Bulls to six championships and the Lakers to five, the last coming in 2010 with Los Angeles.

At his retirement press conference three years ago, Jackson said his plans didn't include coaching in the NBA in the future. He never said anything about a front office role.

With the Knicks, the 68-year-old Hall of Famer would take over for Steve Mills, who was given the position of president and general manager just this past September. Mills, according to the ESPN report, would remain with the club.

Jackson played for the Knicks from 1967 through 1978 and was an integral part of the team's last NBA title in 1973. He missed the club's title run 1969-70 with back injury.