Tuesday , Mar , 25 , 2008 C.Y. Ellis

$15 Million for Donnie Walsh

Indiana Pacers chief executive Donnie Walsh will leave the team after this season and a source told ESPN late Monday that he will land with the New York Knicks.

Walsh is expected to sign a three-year, $15 million contract with New York at the end of this season to oversee their basketball operations division. The source did not know what would become of current Knicks president of basketball operations and head coach Isiah Thomas once Walsh joined the Knicks.

Walsh only said Monday he will finish the season with Indiana and will not comment on his plans. Pacers team president Larry Bird will take over many of Walsh’s duties. [ESPN]