Jul 10, 2008 1:39 AM EST

Meeting the press after Chris Duhon was introduced as the newest Knick, Donnie Walsh did not deny reports that the team is prepared to part ways with Stephon Marbury.

Howard Beck of the New York Times cites "close associates of Walsh's and Coach Mike D'Antoni's" who revealed that the team plans to move on without Marbury next season.

Walsh has time until training camp opens in October and will try to trade Marbury before pursuing a buyout of the final year of his contract.

Via New York Times