The source told me that Donnie Walsh and owner James Dolan have in fact recently talked about the looming option that needs to be picked up before April 30th a subject that many fans have wondered about often.
"They've definitely begun to speak about it (the option)," the source said.
Whether Walsh is 100% sure he wants to return is another question. With the whirlwind pressure to now get this group to the top of the Eastern Conference and the seemingly never-ending presence of Isiah Thomas looming over head, it would be hard to blame Walsh for heading back home to Indiana. But don't assume if he leaves NY he's going back to to his old job with the Pacers just yet.
"He has NOT spoken to Indiana about working again for the Pacers," the source assured me. "He is too close and has way to much respect for Larry (Bird), who he thinks is doing a great job there."
It would certainly behoove the Knicks to solidify their stability as a franchise considering the last few years have been a revolving door at least from a roster perspective. While Walsh's plan was the reasoning behind the fluctuating roster, one would think the Knicks must have stability if they want any immediate success moving forward.
One can argue that because of the Anthony trade, which Walsh took ownership of despite being interrupted in negotiations by the owner, the Knicks will need Walsh's expertise to get great production value per dollar spent. Say what you want about Landry Fields' current slump or Shawne Williams' inconsistency, both are great values moving forward even with raises. Walsh has the acumen to build the roster into an Eastern Conference power moving forward.
That said, it would make sense for Walsh to take a bit of a step back from the grind and be a mentor to whomever they want to groom as the next team president. At this stage, I'm sure Walsh isn't concerned with the money. But I could be wrong.
When pressed the source seemed to infer Walsh is "leaning" on leaving and is comfortable that Knicks are in a far better place than where he found them, but it's "far too early to say for sure" that he's made a decision.