December 27, 1967: The New York Knicks hire Red Holzman as Head Coach
In a franchise altering move, the Knicks fired Dick McGuire and hired Red Holzman as head coach. McGuire – a native of the Bronx – spent 8 years playing point guard with the Knicks and was a 7-time NBA All Star. After a stint as player-coach and head coach with the Detroit Pistons, the Knicks hired him as head coach in 1965.
While McGuire was a superb player as a Knick, his dominance didn’t translate as head coach. He had a 75-103 record with the team before his dismissal. At the time, the Knicks were in last place. He wasn’t able to get a full season of Willis Reed & Walt “Clyde” Frazier. However, the Knicks later hired McGuire to join their front office and remained there until his death in 2010.
Red – a native of Brooklyn – spent the previous 10 seasons as the chief scout for the Knicks. He was responsible for discovering and drafting both Willis and Clyde. Despite his preference to be a scout, team president Ned Irish convinced Holzman to coach the team.
Irish’s persistence had major dividends for the franchise. Holzman led the team to their only two championships. The key stars he coached – from Earl Monroe to Clyde Frazier to Wills Reed – all made the Hall of Fame.