May 10, 2008 12:21 AM EST

Ten days after reports surfaced that Mike D'Antoni and the Suns would part ways, his path out of Phoenix remains unclear. He remains under contract with the Suns, who gave D'Antoni permission to find a new job.

D’Antoni is not likely to reach a decision until early next week. "I’m still in a holding pattern," Warren LeGarie, D’Antoni’s agent, said Friday.

Citing anonymous sources, ESPN reported Thursday that the Knicks had "outlined" a potential deal worth about $30 million for five years.

The interested parties say no formal offer has been made. "We haven’t hit that juncture yet," LeGarie said. And the Knicks say they had "not offered anyone a coaching contract."

The reported Knick deal would make D'Antoni the third-highest-paid coach in the NBA. An annual salary of $6 million would put him behind only the Los Angeles Lakers’ Phil Jackson ($12 million) and the San Antonio Spurs’ Gregg Popovich (about $7 million).

The Bulls are still formulating an offer but are not expected to match the figures attributed to the Knicks.

Via New York Times