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Source: Phil Jackson signs new deal

Updated: August 2, 2010, 10:17 PM ET
By Ramona Shelburne | ESPNLosAngeles.com

Phil Jackson has officially signed a contract to return to the Los Angeles Lakers.

The 11-time NBA champion coach announced on July 1 that he would return for what he called "the last stand for me" but it took until last week to finalize a new contract, according to a source close to the situation.

Terms of Jackson's new contract have not been released. A message left for his agent Todd Musburger Monday evening was not returned.

With Jackson's deal finally in place, ...

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