James Dolan released the following statement indicating he is not selling the New York Knicks and that they are searching for a new President of the franchise.

All indications are the Knicks will eventually hire Leon Rose as president.

"We are actively looking for a new President of the New York Knicks and hope to conclude the search as quickly as possible," wrote Dolan. "I am not selling, but I am determined to find right leader of the Knicks, who will ensure the long-term success of the team, just as we did with the hiring of Rangers President John Davidson."

The Knicks fired Steve Mills as president earlier this week.