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Source: Knicks 'insulted' and 'lied' to Walsh

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09:11 AM ET 06.04 | Donnie Walsh is stepping down as Knicks president, but he had some help deciding to leave the Garden. "He was lied to," one person familiar with the situation said yesterday after Walsh had a verbal agreement weeks ago with Dolan to return as team president with full autonomy in basketball operations. The 70-year-old was even willing to take a paycut to finish the job of returning the Knicks to NBA relevance. The wording in the contract did not give Walsh full and final authority to hire and groom his successor -- which was something he sought. The source said Walsh was offered a downgrade in salary to roughly $2.5 million after making in the $4.5M range this past season. "The 40-percent paycut was an insult but money had nothing to do with it," the individual said. "It was more insulting that he didn't believe he'd have the full autonomy to run the basketball."

New York Post

Donnie Walsh, Nathaniel S. Butler/NBAE via Getty Images Donnie Walsh, Nathaniel S. Butler/NBAE via Getty Images
June 4, 2011  09:37 AM ET

maybe isiah bad mouthed walsh?

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June 4, 2011  09:45 AM ET

your better off somewhere else bro

June 4, 2011  10:04 AM ET

Can't wait to see who the replacement is...

Comment #5 has been removed
June 4, 2011  10:21 AM ET
QUOTE(#5):

Could be Phil Jackson...

not gonna happen period!

June 4, 2011  10:22 AM ET

how abt odds of hiring isiah again????? anybody

June 4, 2011  10:32 AM ET

This is the worst news of the week. I'm not Walsh fan, but the Knicks are again DIRECTIONLESS.

June 4, 2011  10:33 AM ET
QUOTE(#2):

It is what it is.......The salary redction is a bit of a d-ck moveBt I have no problem with them not wanting hm to have control over a successorDonnie also is old and this teams core is set for 3-4 years, we need someone thawiill be around.

LOL, you of all people should know better...

Does PAT RILEY ring a bell? The Knicks will never learn.

June 4, 2011  10:42 AM ET

They will never learn, Bro.

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June 4, 2011  11:04 AM ET

Dolan is an idiot. Walsh has made the knicks respectful once again...and what does Dolan do to reward his great work....a 40% reduction and will not give him full control. Way to go again Dolan. I wish your father was still around to run the knicks.

June 4, 2011  11:08 AM ET

HERESSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS, THOMAS!!!!

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June 4, 2011  11:35 AM ET
QUOTE(#12):

The Knicks insulting and lying to their veteran and respectable GM ? Of course ! What else would you expect from the Knicks ? Especially with Dolan at the helm !

Amazing. If Isiah isn't picked to replace Dolan, why would Dolan's replacement think he'd fare any better than Dolan has?

June 4, 2011  11:35 AM ET
QUOTE(#17):

My Knicks are stupid.

I'd imagine it's not easy being a Knicks fan.

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