REPORT:New York Knicks set to part ways with the $40 million mega star…

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The Knicks-Tom Thibodeau relationship has been extended.

The coach and team agreed to add three years to his contract, The Post confirmed, providing Thibodeau an opportunity to build on what is already the most successful tenure on the Knicks sideline in more than two decades.

The new contract will take Thibodeau through the 2027-28 season.

Tom Thibodeau and the New York Knicks have reportedly agreed to a three-year extension, according to ESPN’s Adrian Wojnarowski.

The new deal for the Knicks head coach will put him under contract through the 2027-28 NBA season. No financial details were released.

Thibodeau, 66, is a two-time NBA Coach of the Year and has led the Knicks to the playoffs in three of his four seasons in charge, including back-to-back trips to the Eastern Conference semifinals.

The Knicks have gone 175-143 since Thibodeau was hired in 2020, with 97 of those wins coming in the past two seasons. He’s the fifth-winningest head coach in franchise history after Red Holzman (613 wins), Joe Lapchick (326), Jeff Van Gundy (248) and Pat Riley (223).

According to ESPN Stats and Information, the Knicks are one of four NBA teams that finished in the top 10 in both offensive and defensive efficiency last season.

As expectations rise in New York, the Knicks went out and added Nikal Bridges this summer and re-signed key players in OG Anunoby and Jalen Brunson — a sign that they are intending to compete for an NBA title.

The NBA summer has wound down — except at the Paris Olympics — which makes it time for the NBC Sports NBA Power Rankings, summer edition. This is looking at where teams stand in the championship race heading into fall training camps. If you disagree, say so in the comments. (Note: That is last year’s record next to the team.)

1. Boston Celtics (Last season 64-18). The smart move for the defending champions was to run it back — and the Celtics’ front office is nothing if not smart. Boston locked down Jayson Tatum for another five years with a record contract and paid Derrick White to keep him in Celtics green. Boston is second apron expensive, but this is when ownership should pay up (that ownership also is looking to sell the team, a sale meant to finalize right about when this run likely starts to crumble). Boston moves forward with a locked-down core likely to add at least banner No. 19 over the next few years (if not No. 20 and…).

2. Oklahoma City Thunder (57-25). Take the best regular season team in the West last season, then add one of the best offseasons of any franchise, and you have a serious title contender. That title contention starts with the foundation that this is a young team that gained playoff experience and will be better for it (even if the front office just stood pat). Then Sam Presti and company added an elite defensive guard Alex Caruso (stepping into Josh Giddey’s minutes) and physical center Isaiah Hartenstein to fill in a need in the paint. OKC enters next season as the team to beat in the West.

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