It's hard to believe but the Knicks had sucked for nearly a full decade before Donnie Walsh righted our ship. If there is anything we can take from this tragic experience, it would be the "do's" and "don'ts" of running a franchise. Over the next decade (and distant future), there are several things I'd like to be done differently/continue that I will list below. If you have anything to add or to debate, then please comment:
1.) Fiscal responsibility. Maybe the biggest key to our failure as a franchise can be related to poor investments with players. Trading for overpaid veterans (Shandon Anderson/Howard Eisley), overpaying veterans ourselves (Jerome James) and extending contracts of past their prime players (Allan Houston) had punctuated this period of reckless spending. Its clear that it doesn't matter how much money you spend but rather how you spend it. The San Antonio Spurs for example have consistently hovered around the cap ($55-$65 million) and yet have 4 championships in this past decade. During that same span of time, the Knicks payroll figure has been roughly twice that and has been a perennial lottery team ($100 million).
2.) Target "stars" and "stars to be." This ties a little into "fiscal responsibility." We have one of the most attractive venues in the league to players. If we had our money game planned a little better, we could bring in a few of them periodically(see Amar'e and, very soon, Melo). I would prefer for us to start targeting specific free agent classes and have our contracts expire at an appropriate time to potentially sign them. As much as I like Amar'e (Melo) and Raymond Felton, I'd pay close attention to developments with John Wall in Washington, OJ Mayo in Memphis and Blake Griffin in LA. I'd like for us to have most of our contracts (Amar'e, Melo and the lot included) expire by the time these group of guys become free agents, to potentially woe them; and then continue this trend with others in the future.
3.) A greater emphasis of keeping, developing and obtaining draft picks. Had we been placing greater emphasis on the draft, I don't think we would have experienced nearly as deep a lull period as we did. Young players help to transition into a new era. Look at the Indiana Pacers of the 90's. They managed to rebuild within a season or two by simply turning over the reigns to their younger guys (Jamal Tinsley, Johnathan Bender, Al Harrington, Austin Croshere and Jeff Foster), while trading veterans for more young players/draft picks (Jermaine O'neal, Ron Artest, Brad Miller, etc.). We can't afford to package these picks at cheap attempts to remain competitive, like what has been in the past. The Knicks have given up 4 lottery picks in the past 8 drafts before having had the opportunity to draft them/play them. The list includes: (1) Nene Halario drafted 8th in the 2002 draft; (2) LaMarcus Aldridge drafted 2nd in the 2006 draft; (3) Joakim Noah drafted 9th in the 2007 draft; (4) and Gordon Hayward drafted 9th in the 2010 draft. Three of the first four players listed are currently all-stars/all-star caliber players. In other drafts, we've missed the opportunity to draft future stars Danny Granger, Josh Smith, Al Jefferson, Kevin Martin, Monta Ellis and Rajon Rondo due to poor scouting/vision.
4.) Have a more definitive date to retool/rebuild. It takes a saavy vet to know when its time to fold up shop and start over. If your not competing for a title, why continue to spin the wheels? We did that after dealing Patrick Ewing and saw the consequences of not using the opportunity to rebuild. If we haven't won a title/are competing for a title by the time Amar'e is 32 years old, I think that that would be the appropriate time to begin to rebuild.