Larry Brown, officially fired and bought out by the Detroit Pistons on Tuesday, will meet with New York Knicks president Isiah Thomas to discuss the team's vacant head coaching job, the New York Daily News reported Wednesday.

Brown and the Pistons reached a settlement Tuesday on the final three years of his contract, Pistons spokesman Matt Dobek said. He now is free to coach another team next season, said Dobek, who declined to provide further details.

The Daily News said Thomas and Brown could meet as soon as Thursday, and the newspaper said Brown might receive an offer of five years worth between $50 million and $60 million, making him the highest-paid coach in NBA history.