Report: Knicks close to long-term deal with coach Mike Woodson

Knicks coach Mike Woodson is close to a new deal with the team. (Getty Images)

The New York Knicks will soon end weeks of speculation by signing interim coach Mike Woodson to a long-term deal, according to a report by Newsday's Al Iannazzone.

The two sides are hoping to sign a new contract by the Memorial Day weekend, sources told the New York Post's Marc Berman. The deal is expected to be for three seasons.

The Knicks went 18-6 to close the regular season after Woodson replaced Mike D'Antoni on March 14. The team bowed out to the Heat in the first round of the playoffs.