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Report: Knicks near two-year extension for Donnie Walsh

Apr 25, 2011, 8:10 AM EDT

Donnie Walsh AP

The season has ended, let the speculation about the Knicks begin.

It all starts with Donnie Walsh — the contract for the team president and defacto GM is up on April 30. Knicks owner James Dolan has to make a decision this week.

And more than just pick up an option, he is looking to extend Walsh for two years, reports Ken Berger of CBSSports.com.

Walsh, 69, has an option for the 2011-12 season to be exercised by April 30, but the more likely scenario is a two-year extension that would keep the architect of the Knicks’ revival at the helm through the critical next phase of the rebuilding plan…

“It’s basically going to be Donnie’s call whether he wants to come back,” said the person with knowledge of the organization’s intentions.

Bringing him back would be the only smart course of action. Walsh is guy who pulled New York out of the salary cap hell that Isiah Thomas had them in — even while landing two legitimate stars they are paying half the salary. He brought in Amar’e Stoudemore and helped get Carmelo Anthony.

Walsh has not been perfect, but he deserves the chance to finish the rebuilding job he started.

Sounds like he is going to get the chance.

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