Isiah Thomas rescinds contract with Knicks

Basketball Betting Lines

08/11/2010 - New York, NY (Sportsbook Betting Lines) - Less than a week after being named a consultant for the New York Knicks, Isiah Thomas announced he has rescinded the contract due to a violation of certain NBA bylaws.

Thomas was named a Knicks consultant last Friday and was expected to maintain his position as head coach at Florida International University while serving in a supportive role that was to include player recruitment and assisting current team president Donnie Walsh in various capacities.

"Although I'm disappointed that Isiah will not be working with the Knicks as a consultant, I continue to believe in his basketball knowledge, including his ability to judge talent," said Knicks chairman James Dolan. "He's a good friends of mine and of the organization, and I will continue to solicit his views."

Those duties have apparently violated the conflict of interest rules between collegiate and professional basketball.

"After speaking with commissioner [David] Stern and Knicks executives, it has become apparent that my new agreement violates certain NBA bylaws," Thomas said in a statement on Wednesday. "Because of this, I have decided to rescind my contract with the team."

Thomas oversaw the Knicks' operations from 2003-08, a span that did not include a postseason appearance.

"One of the biggest regrets of my life is that the Knicks didn't perform up to the standards the fans had every right to expect while I was in charge," Thomas continued. "I take full responsibility for that. I was very much looking forward to this unique opportunity to help the organization do what I do best: find basketball talent. I wish the team nothing but success in the future."

A Hall of Fame player with the Pistons from 1981-94, Thomas was a 12-time All Star and two-time NBA champion during his illustrious career. In addition to coaching the Knicks from 2006-08, he also coached the Pacers from 2000-03 and has an all-time record of 187-223 in five seasons.

During his tenure in the Knicks' front office, the team never won more than 39 games and won fewer than 25 twice. Thomas' tenure with the Knicks was also marred by the sexual harassment lawsuit filed by former team executive Anucha Browne Sanders.

Shortly after his time with New York ended, he was rushed to the hospital for reportedly overdosing on sleeping pills. He has since been hired as the head coach at FIU, where he went 7-25 in his first season in 2009-10.

"Although I'm disappointed that Isiah will not be working with the Knicks as a consultant, I continue to believe in his basketball knowledge, including his ability to judge talent," Dolan said. "He's a good friend of mine and of the organization and I will continue to solicit his views. He will always have strong ties to me and the team. We wish him continued success at FIU. I also believe Donnie Walsh has done a terrific job since joining the Knicks and my tremendous respect for him has only grown since he's joined the organization. I'm confident that the work that Donnie, Coach Mike D'Antoni and their staffs have done this summer has the team poised for long-term success."

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NFL Football Betting : Odds on NFL Division to Win the Super Bowl

NFL Super Bowl Betting

The AFC South and the NFC East are the favorite divisions to have the next Super Bowl champ among them in the NFL betting odds. But more down to the point, these football odds are in favor of the Indianapolis Colts, by far the strongest team in the AFC South, and the Dallas Cowboys of the NFC East.

Most sports fans would agree that these two teams top the list to win it all before the season even begins. In the BetUS Sportsbook football futures, the Colts are +800 in the odds to win the Super Bowl, while the Cowboys are sitting at +1000 and the Super Bowl XLIV champions New Orleans Saints at +900. In the AFC South, the Colts won the division for five straight years after the 2002 realignment, before the Tennessee Titans won it in 2008. But the Colts came back strong in 2009 to win the division again en route to the Super Bowl. The Cowboys are the favorite to win the NFC East, as well as to advance far into the post season. The Cowboys won the division last season before their horrendous loss in the NFC Divisional playoff to Brett Favre and the Minnesota Vikings. But the ‘Boys will take that loss humbly and be ready for the playoffs this time around.

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