Dolan has discussed the job with one potential candidate recently, the sources said. This past week, the team has been looking for a new president and it seems as though they have found someone.
No formal deal is expected to be announced anytime soon, but formal negotiations are expected to begin shortly after the National Basketball Association trade deadline Thursday.
The Knicks are 15-36 this season, Mills' third in charge after replacing Phil Jackson. Mills began working with the Knicks in 2003 and took over as their president of basketball operations in July 2017. Before being promoted to president, Mills had also served as the team's general manager since March 18, 2014.
Mills originally joined the Knicks organization in 1999 as executive vice president of franchise operations before leaving in 2009.
The Athletic's Frank Isola, who covered the Knicks for decades as a Daily News reporter, suggested that the "sell the team" chant precipitated Mills's firing. The New York Knicks may follow that model. I would like to thank the staff and players for their hard work during my tenure. He added: "I will always be a Knicks fan". The Knicks are 13-35 (NBA's 3rd worst record) and about to have their 18th loss by 10+ points this season'.
Rose will take over a Knicks team in the midst of yet another disastrous season.
The search for the next Knicks president lasted just two days.
Instead, the Knicks signed several ill-fitting forwards in the offseason and had to watch as Kevin Durant and Kyrie Irving, two of the summer's marquee free agents, signed with their crosstown rivals, the Brooklyn Nets.