05/05/2011 03:53 pm ET Updated Jul 05, 2011

Isiah Thomas Reportedly Won't Be Returning To Knicks

Knicks president Donnie Walsh hasn't yet come to terms on an agreement to stay with the team, but the two sides are said to be close to a new contract that would keep him on for another two years. And just to make sure that Walsh is more comfortable, team owner James Dolan is said to have scrapped the idea of hiring back former coach and president Isiah Thomas in any capacity.

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