The Knicks are considering a two-year extension for team president Donnie Walsh, with the matter expected to be resolved in the next two weeks, a source told CBSSports.com’s Ken Berger. 

Walsh, 69, has an option for the 2011-12 season to be exercised by April 30, but the more likely scenario is a two-year extension that would keep the architect of the Knicks' revival at the helm through the critical next phase of the rebuilding plan. If the option is not picked up, Walsh's contract expires June 30. 

"It's basically going to be Donnie's call whether he wants to come back," said the person with knowledge of the organization's intentions.