The Charlotte Bobcats will introduce Larry Brown as their new head coach today in a 1 p.m. news conference, two people with knowledge of the situation told Newsday.
The announcement marks Brown's return to the NBA sideline for the first time since he was fired by the Knicks in June 2006 after a 23-59 season and well-publicized clashes with former team president Isiah Thomas and Madison Square Garden chairman James Dolan.
The frugal Bobcats, who fired coach Sam Vincent on Saturday, typically wouldn't be in the running for a high-priced coach like Brown. But Brown's $18.5 million settlement with the Knicks made him available on the cheap. A third person familiar with the negotiations said the parties had been discussing a contract that would pay Brown less than $3 million per season.
More details as they unfold.