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Rapid Reaction: Pacers 119, Knicks 117

WHAT IT MEANS: The last time we saw a finish like this, it was six days earlier in Memphis and the Knicks came away victorious. Not so this time. Danny Granger hit a 17-foot jumper over Shawne Williams and Jared Jeffries with three-tenths of a second remaining to send the Knicks to their third consecutive defeat. New York had one final chance for a quick catch-and-shoot, but with Carmelo Anthony wide open and screaming for the ball, Jeffries lobbed the final inbounds toward Landry Fields under the basket, and Fields couldn't get to the ball for the tip attempt. It was a wild finish to a back-and-forth game in which the Knicks came back from a 15-point deficit late in the third quarter and rode the hot hands of Anthony (29 points) and Amare Stoudemire (21 points) in the fourth. Tyler Hansbrough had a career night agaiunst the Knicks for the second straight game, following up Sunday's 29-point performance with a 30-point outing. Granger had 26 and Darren Collison 21.

TURNING POINT: Paul George missed the second of two free throws with 13 seconds left, keeping the Pacers from taking a three-point lead. That allowed the Knicks some cushion on the other end, and Anthony drove past Granger for the tying layup with 7.8 seconds left.

DIFFERENCE MAKER: Toney Douglas scored five of his 17 points in the final 93 seconds of the third quarter as the Knicks, who trailed by 15 with 2:23 remaining in the quarter, pulled within five by closing the period with a 10-0 run. He then had four assists in the fourth quarter playing alongside Chauncey Billups in the backcourt, and his 3 with 41.5 seconds left gave the Knicks their final lead, 115-114.

LINEUP SHUFFLE: Coach Mike D'Antoni sent Jeffries to the bench and used Williams in his starting five, going small again in yet another change to the starting five. "It’s just a matter of trying to figure out how best to go forward, and we haven’t got there yet," D'Antoni said. Jeffries started six games for the Knicks since being signed as a free agent following his buyout from the Houston Rockets. He airballed a 3-pointer during the Knicks' third-quarter meltdown but scored twice in the fourth. He has made only four field goals in his 189 minutes of playing time with New York

WHAT'S NEXT: For those not spending their Thursday watching the NCAA Tournament, there will be pro ball to watch instead as the Memphis Grizzlies make their one and only visit of the season to Madison Square Garden. The Knicks haven't won since defeating the Grizzlies a week ago on Anthony's tie-breaking bucket with 0.5 seconds remaining, and Memphis (37-31) will enter Thursday's game with a better record than New York (34-32).