"The (New York) Knicks have the biggest payroll in the NBA, at around $125-million and counting, even if the best they can do is one losing season after another. The Knicks have what is still one of the biggest addresses in all of sports, Madison Square Garden, New York City. They pay Isiah Thomas and Larry Brown more than any general manager/coach combination in history. None of this prevents them from being the biggest single laughingstock in professional sports at this time.
"There is no bigger mess anywhere, in any sport, not the Islanders, who will never have this kind of money behind them, not the Colorado Rockies, not the current incarnation of the Florida Marlins, not the Detroit Lions or the Houston Texans or what is left of the San Francisco 49ers. Everything just got messier yesterday when Isiah Thomas, who does everything except carry a sign around that says he and Larry Brown are in this together, made another trade, this one for Steve Francis, the '06 version of Stephon Marbury.
"According to Forbes, the Knicks, despite the highest ticket prices in their sport, still can't make money, because of the payroll, because of the $60-million luxury-tax bill on the way. So they will lose at least $50-million this year, unless the Cablevision accountants are more creative with numbers than the Knicks are with the ball."