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MIAMI () -- After settling a tampering charge filed by the New York Knicks, the Miami Heat named Pat Riley as their president and head coach.
Terms of the contract were not disclosed Saturday, but the Miami Herald reported that the deal is worth $15 million over five years and includes an ownership interest in the team.
The hiring ends a 2 1/2-month standoff in which the Knicks accused the Heat of illegally contacting Riley before he stepped down as head coach of the Knicks on June 15.
The tampering settlement calls for the Knicks to receive $1 million and a 1996 or 1997 first-round draft choice previously acquired by Miami from the Atlanta Hawks.
Riley Takes the Heat
05 September 1995
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