How Donnie Walsh's Big Plans Might Have Already Gone Down the Drain

As the world economy takes a turn for the worse, so do the plans of Donnie Walsh. In April 2008, a confident Walsh took over as the Knicks President. He had elaborate plans to, much like the offers of many of those annoying credit card debt commercials, completely eliminate the debt of the Knicks, which goes to the tune of over $39 million; the Knicks are over the Salary Cap. However, in doing so, he also has completely eliminated any competitive basketball in New York for the 08-09 season and the 09-10 season. If Walsh doesn't spend a significant amount of money this offseason, he should do what he has planned to do since he came to the Knicks: put the Knicks under the salary cap. But putting the Knicks under the cap is just the first part of his plan, hence the word "elaborate." With all of this money to spend, he plans to take advantage of the overload of superstar free agents that will be available in the 2009-2010 offseason, free agents that include LeBron James...