The New York Knicks have officially hired Mike Brown as their new head coach, signing him to a four-year contract reportedly worth $40 million. Brown, who has won four NBA titles as an assistant coach and has experience leading benches during NBA Finals, is expected to bring significant changes to the Knicks' offense. Knicks president Leon Rose expressed confidence in Brown's ability to develop players and lead the team toward a championship. Brown replaces Tom Thibodeau, who was recently fired despite leading the Knicks to their best playoff run in 25 years. Thibodeau is reportedly leaving the team with a $30 million payout. Former Knicks star Derrick Rose has commented on Thibodeau's firing, noting that the coach remains in good spirits. Meanwhile, the New Orleans Pelicans have signed Micah Peavy to a four-year deal, marking another notable move in the NBA offseason.