MERCY RULE

New York Knicks Owner James Dolan Says He’d Sell Team—for the Right Price

New York Knicks owner James Dolan says he’d be prepared to sell the team if the right offer came along. Dolan told ESPN that there have been “feelers” of deals upward of $5 billion for the Knicks, but “no one has come through with a bona fide offer.” Dolan said: “You hear numbers all the time... I think people have sent feelers out, but never any that were pursued. Yeah, [the feelers are] around that number [$5 billion], but those things, it’s like a stock price. It’s only important if you’re going to buy or sell.” He went on: “You have a responsibility as the guy who runs the place to deliver on that for them, that’s being open and transparent. And so in that position, I could never say that I wouldn’t consider selling the Knicks.” Dolan took over as chairman of Madison Square Garden in 1999—the last season in which the Knicks made it to the NBA Finals.