I brought this up for discussion today during an appearance I did on ESPN's Outside The Lines regarding the Knicks' hiring of Isiah Thomas a consultant, and it bears repeating here: Donnie Walsh's two-year honeymoon is over, and he will know before the end of the upcoming regular season whether he will be back with the New York Knicks for the 2011-12 season.
A league source told ESPN.com that Walsh's four-year contract with the Knicks as team president includes a clause designating March 31, 2011, as the day the team must decide whether it will pick up the option on Walsh's fourth year.
By then, the Knicks will be some 70 games into the 2010-11 season. and owner James Dolan will have a better idea whether he wants to continue allowing Walsh to be the architect of the franchise as it heads into a summer in which Carmelo Anthony, should be become an unrestricted free agent, will be the No. 1 player on New York's wish list.
The NBA is still reviewing the Knicks' new contract with Thomas, and colleague Ian O'Connor rightly points out that it could open a whole can of worms if Thomas is allowed to continue holding that consultant's role while simultaneously coaching Florida International University.
So while you await word from atop Mt. Stern on whether this is all copacetic, you can read more on the state of the Knicks and the Walsh-Thomas dynamic by clicking over to a longer blog post I have published on that very subject on the ESPNNewYork site.