James L. Dolan, chairman of Madison Square Garden and president and chief executive officer of Cablevision Systems Corporation, today announced that Donnie Walsh has been named president, basketball operations of the New York Knickerbockers, in charge of all basketball operations. Both Mr. Walsh and Steve Mills, president and chief operating officer of MSG Sports, will report directly to Mr. Dolan.
Full news announcement is here.
The big question here is if Knicks ownership will really let Walsh truly rebuild the squad from scratch, like they needed to do for years now. What Isiah Thomas kept trying to do is build upon something that wasn’t working, instead of tearing it down from scratch. Walsh needs to ship almost all the current players out as quickly as possible, and that could take quite a while — like, a full season or two, or more. And he needs to finally clear salary cap space and attempt to build a real team with legitimate championship hopes, instead of one that just hopes to reach the playoffs.

The Knicks today named Donnie Walsh president of basketball operations. Walsh just spent 25 years with the Indiana Pacers. Here’s a statement from Pacers President of Basketball Operations Larry Bird:
“The Indiana Pacers offer Donnie Walsh congratulations and wish him good luck in his new position.  The Knicks have a good man whose dedication to his job is unmatched.  I have learned a great deal from Donnie and he’s not only a role model but a great friend.  Given time, there’s no doubt in my mind Donnie will bring success to the Knicks much like he did with the Pacers.  On behalf of the entire Pacers organization, we wish him the best of luck.”