Isiah Thomas hasn't said whether or not he's interested in a coaching job with the Indiana Hoosiers, but he also claims that the university hasn't contacted him, according to the Associated Press.

Thomas said he hopes Coach Dan Dakich is given the full-time job.

"He's done an excellent job," Thomas said. "He understands the program. He's been intimately involved on the coaching side and also on the playing side."

"Of all the former players, he'd definitely have the support of mine and others. I hope he's someone they do name as the coach of Indiana."

According to a report by the Associated Press, Madison Square Garden has backed out of a $14 billion plan to move into a landmark post office building that would have become part of a new Penn Station.

The sports arena has instead decided to renovate its existing location rather than move, according to Garden spokesman Barry Watkins.

Jim Dolan appears primed to bring someone else in to run the Knicks in the front office, but he is adamant about keeping Isiah Thomas on the bench, according to ESPN.com.

"There isn't a basketball executive alive who would keep Isiah as head coach, but Jim is telling whoever he interviews, 'I would prefer to keep Isiah but you do what you have to do,'" a source close to Dolan told the Daily News. "If Isiah isn't the coach, Jim still wants him to stay in the organization in some capacity."

Donnie Walsh, who announced that he will leave the Pacers at the end of the season, is expected to sign a deal with the Knicks upon his departure.

While he is currently denying an agreement to join the Knicks, a person close to Pacers CEO Donnie Walsh told the New York Daily News Tuesday that he has been offered the job.

"If Donnie is saying he hasn't accepted anything then nothing is done but he has an offer," the NBA source told the News. "I think it is safe to say they have a handshake agreement."

Walsh's possible presence in New York does not bode well for Isiah Thomas, who has repeatedly claimed he is not worried about his future with the Knicks.

The Pacers said on Tuesday that Donnie Walsh has not agreed to a 3-year, $15 million deal with the Knicks, according to the Indianapolis Star.

ESPN first reported on Monday night that New York had struck a deal that would put Walsh in the team's front office.

Walsh declined comment on Tuesday morning, but Pacers' spokesman David Benner said Walsh "hasn?t agreed to anything with anybody."

Donnie Walsh is heading to the Big Apple after 24 years with the Indiana Pacers.

Walsh will join the New York Knicks next season with a three-year deal worth $15 million to overssee Basketball Operations.

This move further puts in doubt current president of basketball operations and head coach Isiah Thomas but he had nothing but good words to say about the man who gave him his first head coaching position.

"He's had a great career, he's one of the best who's ever done it," Thomas said before the Knicks lost to New Jersey to fall to 19-51 on the season. "I wish him great success and he's someone that I respect tremendously. He gave me my first coaching job and I truly do like him as a person and he's done a lot for the game."

It appears as though Donnie Walsh wants to remain in Indiana, spurring the Knicks pending opening, but he won't make a decision until after the season is over, according to the New York Post.

"I'm not going to have any comment until after the season," Walsh told the Post.

He did make a comment that seemed to confirm his desire to remain apart of the Pacers' organization though.

"Just look back to what I've always said about my feelings on the Pacers," Walsh said in reference to whether his New York upbringing gave the Knicks an advantage.

The New York Knicks still haven't asked to speak with Kiki Vandeweghe, according to the Star-Ledger.

"I honestly don't know. I don't know what they want to do over there," Nets' President Rod Thorn said.

New Jersey is reportedly interested in extending their agreement with Vandeweghe, which could keep him away from the crosstown Knicks.

Timberwolves' guard Sebastian Telfair, who is the cousin of current Knick point guard Stephon Marbury, has said that, like Marbury, it has been his life long dream to be the point guard of the New York Knicks, the New York Post is reporting.

"I'm sure that would be great," Telfair said. "Me being from New York, watching the Knicks the majority of my life. I think it would be definitely exciting."

"A lot of players, even players not from New York, playing in Madison Square Garden every night, it's a pretty significant thing. If I got the opportunity, I would definitely enjoy it."

According to a team source, Pacers CEO Donnie Walsh is leaning towards remaining with Indiana, the New York Daily News is reporting.

Knicks owner Jim Dolan has been trying to persuade Walsh into taking over from Isiah Thomas in New York.

Walsh had an eight-hour meeting on Friday with the Pacers' co-owners, Herbert and Melvin Simon, and could have a deal announced by the end of the week.