He also could be, here comes educated speculation, waiting out the Larry Bird situation in Indiana. Walsh has not spoken to anyone in Indiana about a possible return and he is so close to Bird that, a source tells me, "Larry doesn't do much non-basketball related without consulting with Donnie first."
Bird says he'll get paid through August and has already begun talks about his future with Pacers owner Herb Simon. "You know I do have an owner, I have a boss and he wants me to go through the draft. Hopefully, in the next week or two we can find out what's going on and we can get some things done.If Bird remains in Indiana, then I'd expect Walsh to come to an agreement with the Knicks, which is good news for an organization that needs the front office stability. We've reported several times here that James Dolan wants Walsh back and they are in discussions on a contract. Walsh, according to a source close to the situation, is looking to be compensated with an offer that he feels is "financially respectful" and at this stage his return is far from imminent.