Report: Thomas Ousted

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.