Toronto Raptors general manager Bryan Colangelo said Wednesday he hopes to remain in Toronto, refuting speculation that he could be moving to New York after his contract expires this summer.
"I'm absolutely committed to Toronto and obviously knee deep in our own rebuilding plan. My preference is to complete it," Colangelo said Wednesday.
He was responding to an article from the New York Post reporting Colangelo could be the prime candidate to take over for New York Knicks president Donnie Walsh. The option on the final year of Walsh's contract comes up on April 30 for owner James Dolan.
Colangelo becomes an executive free agent on June 30 when his contract expires. Colangelo hired Knicks head coach Mike D'Antoni in his previous role as general manager for the Phoenix Suns.
"I have far too much respect for Donnie to comment on baseless speculation," Colangelo said. "I hope for his sake he's there to finish the job he's started."
Colangelo is helming a rebuilding project with the Toronto Raptors, who are 21-56 after Tuesday's 131-118 rout by the Knicks at Madison Square Gardens. Toronto hosts the Cleveland Cavaliers Wednesday night at the Air Canada Centre.
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