The New York Knicks have become arguably the most dysfunctional franchise in the NBA over the last decade, and that has only persisted under team president of basketball operations Phil Jackson,

With the Knicks continuing their downward spiral with Jackson at the helm, Adrian Wojnarowski of The Vertical initially reported Wednesday night that team owner James Dolan was going to take a harder look into his future with the franchise.

Dolan has become increasingly concerned about Jackson's fitness for the job and the long-term prospects of success for the franchise, especially in the aftermath of Jackson entertaining trades for Kristaps Porzingis, the franchise's 21-year-old burgeoning star, league sources told The Vertical.

Also adding to this developing situation, ESPN's Ramona Shelburne is reporting that a decision is expected to made by Wednesday morning with both sides discussing what's best for the organization moving forward.

Wojnarowski added to his report later in the night that the Knicks are planning to cut ties with Jackson today.

The New York Knicks are planning to part ways with embattled President of Basketball Operations Phil Jackson later this morning, league sources told The Vertical.

The 71-year-old has two years left on his five-year deal worth $24 million. In the first three seasons under Jackson's control, the Knicks have held a losing record with at least 50 losses in each campaign while holding an 80-166 overall record.

Dolan had already distanced himself from Jackson a few weeks ago by stating that he's not involved in the decision-making process concerning the roster. This has essentially put Jackson on an island for the Knicks' struggles that has only seemed to implode further over the last three years.

His handling of the situation involving Carmelo Anthony‘s future with the team has created more distance from himself and the team. Jackson has twice publicly stated that Anthony should look to play elsewhere despite him still having two more years left on his five-year, $124 million contract and a no-trade clause.

This has directly affected Kristaps Porzingis‘ standing with the team as he didn't attend his season exit interview with New York and Jackson has even listened to trade offers for the third-year forward last week.

All of this has created a sense of uncertainty and bleakness for the future of the franchise and may ultimately lead to Jackson's departure.