Anyone who has made any kind of financial investment — or simply has heard advertisements for investment products — is familiar with the phrase "past performance is no guarantee of future results."

Phil Jackson is proof that it also applies to basketball. He won 11 NBA titles as a coach, setting himself up as a blue chip stock when the Knicks hired him as an executive in 2014. Three years later, the stock bottomed out to the point that Jackson and the bumbling Knicks are parting ways.

The Knicks went 80-166 in Jackson's three years as team president, a .325 winning percentage that might remind basketball fans more of David Kahn (.285 winning percentage during four years running the Wolves) than anything else.

Of course, Jackson had a far greater pedigree coming in and fetched a five-year contract worth $12 million per season to turn around the Knicks. Instead, he pushed them further into oblivion.

Read Michael Rand's blog at startribune.com/randball. michael.rand@startribune.com.