Donnie Walsh Offered 40 Percent Pay Cut Before Resignation, According To Report

Donnie Walsh's seemingly shocking decision to step down as New York Knicks team president may not have been as out of left field as originally anticipated. Despite published reports last month suggesting he was closing in on a two-year contract extension, new information indicates Walsh may have been a goner as recently as two months ago.

According to Frank Isola of the New York Daily News, Walsh's contract offer from owner James Dolan included a 40-percent pay cut, a massive number for anyone. Isola also reports that Walsh was asked to submit a list of replacement general manager candidates two months ago, and Dolan would name the GM from that list. The list included Toronto's Bryan Colangelo and ESPN announcer Mark Jackson. Finally, Dolan's misgivings with Walsh go all the way back to him granting an interview to Mike Lupica, according to Isola.

On the surface, this seems like madness, but it is the New York Knicks we're talking about. 

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.