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Scott Perry reached an agreement with the New York Knicks to take over as their general manager on Friday, the team announced.

CSN Chicago's Vincent Goodwill first reported the news Thursday.

Perry is currently the Sacramento Kings' executive vice president of basketball operations. USA Today's Sam Amick reported the Kings will receive compensation in exchange for Perry:

While Perry was only hired by the Kings in April, his work with the team has received almost universal praise:

Prior to arriving in Sacramento, Perry also had front-office roles with the Detroit Pistons, Orlando Magic and Seattle Supersonics.

Perry will now take on what is one of the most difficult rebuilding jobs in the NBA.

Sorting out Carmelo Anthony's future will be one of his first orders of business. ESPN.com's Adrian Wojnarowski reported Wednesday the Knicks were talking with the Houston Rockets about a potential trade involving the 10-time All-Star.

After resolving that issue, Perry will have to undo a lot of the damage wrought by the previous regime, as well as work around the four-year, $71 million deal New York offered Tim Hardaway Jr. BasketballInsiders.com's Tommy Beer illustrated the difficulty of the Knicks' current circumstances:

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The Hardaway contract erased some of the optimism fans had felt following Phil Jackson's departure as president of basketball operations.

Perry's hiring should bring stability to the Knicks' front office as the franchise looks to build a roster capable of competing for a title.