Sources say that Donnie Walsh is ready to offer Milwaukee point guard Ramon Sessions the first Knicks restricted contract of the summer. The deal would be a modest one, but it would cut into the precious 2010 fund, something Walsh been reluctant to do. But the delay appears to be over the status of Bruce Bowen with the Bucks.

"Sessions is more of a priority than Nate because he fits the system so perfectly," one source said. "But it would seem the Bowen situation seems to be holding everything up."

What Milwaukee does with Bowen has the Knicks' attention and seems to be the reason Walsh has yet to make the Milwaukee guard an offer.