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Head coach Mike D'Antoni of the New York Knicks watches his team play against the Cleveland Cavaliers during the game on February 25, 2011 at Quicken Loans Arena in Cleveland, Ohio.

The Lakers have a new coach and it's not Phil Jackson. Despite rumors he'd return as head coach, the team announced late last night that Mike D'Antoni will take the helm. 

D'Antoni has agreed to a 3-year contract worth $12 million. For more on this I turn to my co-host A Martinez who is also the host of Lakersline on ESPN LA 710.