Sportsnet.ca reports that the chances of Phil Jackson taking over as president of basketball operations for the Raptors are "remote:"

One name that can be crossed off any lists, sources say, is Phil Jackson. The 11-time NBA champion head coach won six titles working with Leiweke in Los Angeles and the two are friends, but the likelihood of Jackson relocating to Toronto and taking on a full-time role as a club executive are considered remote at this point.

Jackson had been under consideration since Tim Leiweke, who worked with Jackson when Leiweke was head of AEG -- the company that runs Staples Center when Jackson was head coach of the Lakers -- took over as the new head of MLSE, which runs the Raptors. Jackson recently said he has been approached by a number of teams offering involvement in their basketball operations, but CBSSports.com's Ken Berger reported last week that Jackson will keep his options open.

Jackson also reportedly wants to see how the Kings situation shakes out with a possible move to Seattle.

The Raptors weren't an ideal situation for Jackson to begin with, far away from his home in Montana, with a cap-loaded roster and no elite players on staff, things Jackson has been drawn toward in the past.

Meanwhile, after meeting with the board for MLSE last week, there's a possibility that current GM Bryan Colangelo could resign from the Raptors this week, Sportsnet reports. Colangelo met with the board last week, and despite multiple reports indicating a decision was expected at various points, the board and Leiweke have taken their sweet time deciding his fate regarding whether to pick up his option.