I think Donnie will get resigned before Apr. 30th, probably a 2 year deal with some sort of early termination clause regarding health.
To those who claim Walsh hasn't done anything... wtf? Now we have a young team that plays together, focused on the system, all contributing, winning games. With Isaiah and Layden we had dysfunctional shyte every game. Walsh doesn't deserve an extension? Say what? Easynowmon.
Donnie's building a contender, not a second round poser team. It doesn't happen quick when starting from a financial standpoint like the one he inherited. I'm really not sure how he could have done any better. Great drafting (Gallo and Fields), great FA signings (Stat and Felton), great cap management (room for Melo this summer), while retaining a strong core. If he can do that one more time in dealing with Melo, we're there.
What's not to like?
The trade deadline fast approaches and I don't see any gutting of the core. I doubt Donnie Walnuts makes any rash moves. I doubt Melo cares more about the extension than playing for a contender starting next year and for the following 5+ years.
He may not be a big risk taker, but if he plays his cards right, Melo could set himself up for the dream career in NYC, battling for chips with the 3 divas and a few other EC teams. Gutting the roster would be counter to those interests, even if it has risks (like contract length, new CBA, new cap). Great accomplishments often require risk taking.