It looks like Phil Jackson is trying to help Lamar Odom more than any Kardashian ever did. According to ESPN, the Knicks plan to sign Odom before the end of the regular season.
As part of the deal, Odom would be offered a non-guaranteed contract for next season as well. There is no risk for the Knicks, but maybe it will motivate Odom to get his life back in order.
The Knicks would have some time to see if Odom has his head on straight and if they want to keep him on the roster going forward. If he relapses they can cut him, no harm, no foul.
This could be Odom’s last chance in the NBA, so hopefully he doesn’t blow it.