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In three seasons, he rid the team of burdensome long-term contracts and put them under the salary cap, in position to sign a big-name free-agent in the summer of 2010. The Knicks failed to land LeBron James, whom they coveted, so Walsh settled on Amare Stoudemire and point guard Raymond Felton as free-agent additions that summer.Walsh also oversaw the team's acquisition of Carmelo Anthony via a three-team blockbuster trade last February. According to reports, Walsh didn't want the team to give up as much talent (four starters) as it did to obtain Anthony. He was reportedly overruled by owner and Madison Square Garden chairman James Dolan. Walsh had an option on his contract for the 2011-12 season that many expected Dolan to pick up. During negotiations with Dolan, Walsh reportedly sought autonomy in his next contract. But, according to reports, Dolan reneged and he and Walsh were unable to come to terms. Assistant general manager Glen Grunwald took over on an interim basis this season and Walsh served as a consultant for the team. Walsh, 71, will likely be highly sought after by other clubs.