After a disaster of a season in New York, Knicks owner James Dolan has made his bold move to save face.

Now we will see if it actually turns the franchise around.

The Knicks have announced they will “hold a press conference on Tuesday, March 18 to make a major announcement.” That would be the press conference to announce Phil Jackson as their President of Basketball Operations, something confirmed by other sources.

Jackson was drafted by the Knicks back in 1967 and won two titles as a player there. He went on to a legendary coaching career where he won a record 11 NBA titles, but this is his first venture into a front office.

Jackson reportedly will make $12 million a year to be the head of New York’s basketball operations. He will set the tone and the guys under him — starting with current GM Steve Mills and the rest of a good but too often ignored staff — will work out the details, the salary cap and the rest of it.