New York Knicks owner James Dolan has insisted that he has full faith in Phil Jackson to rebuild the team.

The Knicks have endured a struggle this year as they began the rebuilding process by trading JR Smith and Iman Shumpert to the Cleveland Cavaliers.

While the current team became the first in franchise history to lose 60 games in a season, Dolan expects better results next year.

"Phil is a brilliant basketball guy, and he and Steve [Mills] are working together great," said Dolan, ESPN reports.

"I enjoy being out of the limelight. I enjoy having two experts in there that I trust. I barely have to do a thing. It can stay like that for me forever. As long as we continue to make progress and I'm sure we will. I believe!"

Dolan also paid tribute to the Knicks fans for their continued support as they have sold out Madison Square Garden for every home game, according to the team.