Talks of a deal between the Knicks and Grizzles that would send Zach Randolph to Memphis in exchange for Marko Jaric and Darko Milicic are more than just rumors, according to ESPN.com.

New York President Donnie Walsh, who reportedly initiated the talks, will be the deciding factor.

Walsh appears to now be hesitant to deal Randolph, but the ball is in his court.

The deal would help the Knicks lower their salary cap number in the near future, perhaps to get into the running for LeBron James.