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New York fired former head coach Tom Thibodeau on June 3rd.
It was recently reported that Ott and Cleveland assistant coach Johnnie Bryant were finalists for the job.
He led New York to its first Eastern Conference Finals appearance since 2000.
Johnnie Bryant and Jordan Ott will meet with Phoenix’s front office later this week.
“It was a failure,” said Mat Ishbia.
Phoenix finished the regular season as the 11th-best team in the Western Conference.
The 2025 All-Star is expected to be out for at least one week, according to sources who spoke to ESPN.
