Walsh stepping down as Knicks president

A statement from owner James Dolan said Walsh will stay on as a consultant for
the 2011-12 season, but leave his current position.

“Following a long series of discussions regarding his future role with the New
York Knicks, Donnie Walsh and I have mutually agreed that he will be leaving
his position as president, basketball operations of the Knicks at the end of
June,” Dolan said.

Walsh became the Knicks’ president in April 2008 after a long tenure with the
Indiana Pacers, and changed the club.

He fired head coach Isiah Thomas only a few weeks after becoming president and
hired Mike D’Antoni soon after. On November 21, 2008, Walsh traded away guard
Jamal Crawford and forward Zach Randolph to help the Knicks have more payroll
flexibility for the summer of 2010.

New York took advantage of it by signing forward Amare Stoudemire to a
reported five-year, $100 million deal.

Walsh made his biggest move in February, acquiring star forward Carmelo
Anthony and point guard Chauncey Billups, among others, from the Denver
Nuggets in a blockbuster three-team trade.

The moves paid off with the Knicks’ first winning record (42-40) since 2000-01
and first playoff appearance since 2003-04. New York was swept by Boston in a
first-round series.

“In a relatively short time with the Knicks, Donnie made a tremendous impact,
which will be felt for many years to come. We thank Donnie for his leadership,
hard work and many contributions to the revitalization of the team,” Dolan’s
statement said.

The statement said Glen Grunwald, Knicks senior vice president of basketball
operations, will serve as interim general manager beginning in July. Dolan
added that there is no timetable for finding a new president and general
manager.

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