NBA Donnie Walsh departing Knicks - ESPN

onnie Walsh's tenure as president and general manager of the New York Knicks is over, team owner James Dolan said Friday.

"Following a long series of discussions regarding his future role with the New York Knicks, Donnie Walsh and I have mutually agreed that he will be leaving his position … at the end of June," Dolan said in a statement.

Walsh will work in a consultant's capacity for the team next season.

"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."

The Knicks said their search for a new president and general manager will begin immediately. Glen Grunwald, the club's senior vice president of basketball operations, will serve as interim GM beginning in July and will oversee all player transactions.

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This has Isaiah written all over it! Wouldn't be surprised if he's announced as new GM