Even though the Knicks have had a singular goal of clearing cap space for 2010, Donnie Walsh isn't strictly waiting for July 1st.  There have been many whispers that many of the big names will not leave their current clubs.

"It will affect the way we operate," Walsh says. "Since you can't sign a free agent now, you're watching everything every day. I'll continue to do that. You'll have to react pretty quickly, whoever it is. I have to look at all scenarios and do the right thing when the opportunity appears."

Walsh says he had never targeted any one player to turn around the team.

"When I made the decision to clear salary-cap space, I didn't even know who would be in the free agent class (of 2010)," he says. "I just thought, as a general rule, that's how we had to do it, to get to contending status quicker."