Donnie Walsh out with Knicks

General Manager Donnie Walsh is done with the New York Knicks.

"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 ... at the end of June," Dolan said in a statement.

This marks then end of Walsh's wonderful job turning around a disaster that was a basketball team, decimated by the hands of Isiah Thomas.

In three years, Walsh stripped the Knicks of their salary cap woes, and rebuilt the team into an Eastern Conference contender with the acquisitions of Amar'e Stoudemire, Carmelo Anthony, and Chauncey Billups.

Walsh wanted full control of the franchise, which was a huge sticking point with Dolan. Another problem with the relationship between Walsh and Dolan was Isaiah Thomas. During the past year, Dolan was reported to be contact with Thomas about player personnel, which angered Walsh, and set forth rumors that Thomas was on his way back to the Garden.

Who will replace Walsh is anyone's guess, but the Isiah back to the Knicks rumors will surely heat up again. Thomas and Dolan have remained close friends inspite of Thomas' firing and disregard for the Knicks brand when he was here.

If Thomas returns to take over the Knicks, it could be the beginning of the end of a possible Kincks run in the Eastern Conference.

Coach Mike D'Antoni is entering the final year of his contract, and there has already been speculation that he could be replaced by former Lakers coach Phil Jackson if the right situation permits itself.