Latest update (Feb. 14, 11:20 a.m.)
The Knicks have lifted Charles Oakley's ban from Madison Square Garden, sources told ESPN's Stephen A. Smith.
Oakley and Knicks owner James Dolan had spoken on Monday along with with NBA commissioner Adam Silver in person and Michael Jordan over the phone.
Dolan banned Oakley from Madison Square Garden after Oakley was involved in a physicl altercation with security during last Wednesday's game. Oakley was ejected and later arrested.
"Both Mr. Oakley and Mr. Dolan were apologetic about the incident and subsequent comments, and their negative impact on the Knicks organization and the NBA," Silver wrote in a statement on Monday. "Mr. Dolan expressed his hope that Mr. Oakley would return to MSG as his guest in the near future.
"It is beyond disheartening to see situations involving members of the NBA family like the one that occurred at Madison Square Garden this past week," Silver added.
Knicks legend Willis Reed weighed in on the situation on Monday, saying he's still a big Oakley fan and that the situation saddens him.
"All the circumstances, I do not know," Reed said, according the the NY Daily News. "All I know, it's a bad situation that saddens me as a former player, and as a fan of the Knicks and Mr. Dolan and Charles, too."
Meanwhile, Civil rights activist Al Sharpton said he would help organize a picket outside Madison Square Garden -- since the policy "has not been reinforced with other players" -- if Oakley's ban wasn'tt lifted.