The former NBA Coach of the Year was hired Thursday, returning to the team he helped lead to the NBA Finals as an assistant.
“I know what New York is like when the Knicks are successful and there is nothing comparable," Thibodeau said in a statement. "I look forward to being a part of what we are building here and can’t wait to get to work.”
Terms of the deal were not disclosed.
Thibodeau, 62, is 352-246 in eight seasons coaching Chicago and Minnesota. He was the Coach of the Year in 2011 in his first season with the Bulls, whom he led to 50 wins in three of his five seasons.
Thibodeau was an assistant to Jeff Van Gundy when the Knicks reached the 1999 NBA Finals. He reached the finals two other times as an assistant to Doc Rivers with the Boston Celtics, winning the 2008 championship.