Tom Thibodeau is a "virtual certainty" to sign a contract extension with the New York Knicks for at least $10 million a season, league sources told Marc Stein of The Stein Line.

Thibodeau currently has one year remaining on a five-year deal. The Knicks hired Thibodeau before the 20-21 season.

Thibodeau has stated his preference of staying with the Knicks.