NEW YORK — The NY Daily News is reporting that Isiah Thomas will not return as New York Knicks head coach next season. New Knicks president Donnie Walsh has yet to make the official announcement, but the Daily News says Walsh told Thomas of his decision sometime last week.

The Knicks finished the season a dismal 23-59. Their 59 losses, ties for the most in franchise history. In his two years as coach, Thomas went 56-108 after replacing Larry Brown. While running basketball operations, the Knicks made the playoffs once, losing to the Nets in a first-round sweep.

Worst of all, if Thomas officially does leave as Knicks coach, the Knicks are still committed to 177.50 million in salaries over the next three years.

The Daily News also reports that Knicks prez Donnie Walsh has not decided if Thomas will remain with the organization in some other capacity other than head coach.

We will update you on the latest as we hear it. Once again, no official announcement has been made.

Ok. We know, the Knicks stink: a 20-55 record with just 7 games to go.

But just because the remaining Knicks games are meaningless doesn’t mean there isn’t important basketball to be played!

The most crucial game of the season is coming up: Jack and Carl going one-on-one for Knickscast bragging rights. We’re excited, and here’s a video to get you pumped up too…

The Knicks have made a move. Isiah is out as president of basketball operations and Donnie Walsh, formerly of the Pacers is in.

The Knicks have yet to address Isiah’s status as coach, but it seems like they’ll let him ride out the rest of the schedule.

What do you think of the move? We’ll be discussing it on our next episode so drop us a line: (347) 410-9093

…but here’s the real news: It’s March Madness!

Seen any NCAA players you’d like in a Knicks uni next year? Comment us.

Someone took the NBA’s latest ad campaign and gave it a Knicks spin. That music is even more inspirational when set to all of Isiah’s accomplishments…

Don’t forget to vote in our poll a couple of posts down!