Woodson led the Knicks to a 54-28 record last season and their first Atlantic Division title since 1994. He is 72-34 since taking over for Mike D'Antoni late in the 2011-12 season, a .679 winning percentage that is second-best in franchise history.
The team's new general manager, Steve Mills, said in a statement Monday that after spending time with Woodson recently that it was "clear that picking up his option is an easy decision."
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