Walsh Out as Knicks President of Operations

According to ESPN, New York Knicks president of operations Donnie Walsh has come to a mutual agreement with team owner James Dolan to leave his position at the end of June, but will remain with the team as a consultant for the 2011-12 season.

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"In a relatively short time with the Knicks, Donnie made a tremendous impact, which will be felt for many years to come," Dolan said. "We thank Donnie for his leadership, hard work and many contributions to the revitalization of the team."

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Interesting, seeing as he is in the process of rebuilding this team with Carmelo Anthony and Amare Stoudemire, with the potential of adding even more free agents this off season.