Donnie Walsh officially takes over as president of basketball operations for the New York Knicks after holding a press conference Wednesday. Walsh signed a four-year deal worth $20 million.
Walsh replaces head coach Isiah Thomas, whom Walsh fired as coach of Indiana years ago, as president. It is uncertain if Walsh will once again fire Thomas as head coach for the Knicks.
The Knicks have not won a playoff game since Thomas arrived as president in December 2003 and could be headed for the first 60-loss season in franchise history.
"I need to sit down with Isiah and have a meaningful basketball conversation," Walsh said.
Walsh lamented in the fact that he was now an executive for his hometown team. Walsh grew up in the Bronx, graduating from Fordham Prep.
Walsh recently announced he was leaving the Pacers after 24 years with the team. His departure is effective at the end of the season. He joined the Pacers' front office as general manager in 1986, became team president in 1988 and CEO in 2003.
During his tenure, Indiana reached the Eastern Conference finals six times and won the Central Division four times. The Pacers reached the NBA Finals in 2000, losing to the Los Angeles Lakers, and had the league's best record in 2004.
Walsh will report directly to owner James Dolan, rather than to Madison Square Garden president Steve Mills.
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