In his first day on the job, new New York Knicks coach Derek Fisher put the focus on ending the franchise's 41-year championship drought.

"I'm excited to embark on the next phase of my basketball career and look forward to coaching a Knicks team that fans can be proud of," the 39-year-old Fisher said in a statement Tuesday morning. "It's an honor to work alongside Phil Jackson, who is both a legend and friend, as we strive together to reach our ultimate goal of bringing a championship back to New York."

Fisher was officially announced as the Knicks coach Tuesday in a news conference at the team's training facility. The Knicks did not release terms of the deal. Yahoo! Sports reported Monday that Fisher and the Knicks were in the process of finalizing a five-year, $25 million agreement.

Fisher's relationship with Jackson, the Knicks' team president, is believed to be one of the factors that led him to New York. Fisher won five titles while playing in parts of nine seasons for Jackson with the Los Angeles Lakers.

"Today marks the next step of this journey for the New York Knicks franchise as we name Derek to lead the team as its head coach," Jackson said. "Our relationship began 15 years ago, and over time, it has come clear to me that he and I can form a great partnership once again."

Jackson initially sought Steve Kerr for the Knicks' vacancy, but Kerr accepted an offer to coach the Golden State Warriors instead.

Kerr was unquestionably Jackson's top choice. Jackson revealed late last month that he had a verbal commitment from Kerr before Golden State began negotiating with him.