<P> On February 17, the Knicks shook up the roster, trading Miličić to the Minnesota Timberwolves for Brian Cardinal and cash considerations . A day later, the Knicks and Celtics swapped guard Nate Robinson for shooting guard Eddie House . The deal also included forward Marcus Landry going to the Celtics and the Knicks acquiring bench players J.R. Giddens and Bill Walker . The Knicks also acquired All - Star forward Tracy McGrady from the Houston Rockets and point guard Sergio Rodríguez from the Sacramento Kings in a three - way trade . The deal sent Knicks shooting guard Larry Hughes to Sacramento and forward Jordan Hill and power forward Jared Jeffries to Houston . The trades, orchestrated to give the Knicks more cap space for the summer of 2010, netted the Knicks $30 million of cap space . About three weeks after these team - changing trades, the Knicks played the Dallas Mavericks at American Airlines Center and blew them out by a score of 128--94 for their largest win of the season . However, the Knicks were eliminated from playoff contention in late March 2010 and completed their season with a 29--53 record, a regression from their first season under D'Antoni . </P> <P> The Knicks and former Phoenix Suns forward - center Amar'e Stoudemire came to an agreement on July 5, 2010 . The sign and trade deal was made official on July 8 as Stoudemire agreed to an approximately $100 million contract over the span of five years . Team president Donnie Walsh stated the signing of Stoudemire as a turning point for the future of a Knicks team that had struggled in recent years . The Knicks continued to redesign their roster, trading David Lee to the Golden State Warriors for Anthony Randolph, Kelenna Azubuike and Ronny Turiaf . The Knicks also struck deals with former Bobcats point guard Raymond Felton and Russian center Timofey Mozgov . The Knicks regained their title as the most valuable franchise in the NBA following these acquisitions, though this was mainly due to the arrival of Stoudemire, whose star power allowed the team to resurge; the Knicks sold out their full - season ticket inventory for the first time since 2002 . </P> <P> D'Antoni along with Stoudemire and the core of young players, including Felton, Danilo Gallinari, Mozgov, Wilson Chandler and rookie Landry Fields, piloted the Knicks to a 28--26 record prior to the All - Star break, marking the first time the team had been above the . 500 mark at that point of the season since 2000 . In spite of the team's mounting success, New York made a push to acquire Denver Nuggets forward Carmelo Anthony . After months of speculation, on February 22, 2011, Anthony was traded to New York, with teammates Chauncey Billups, Shelden Williams, Anthony Carter, and former Knick Renaldo Balkman . Denver acquired Felton, Danilo Gallinari, Wilson Chandler, Mozgov, Kosta Koufos, a 2014 first - round draft pick, the Warriors' second - round draft picks for 2013 and 2014 and $3 million in cash . In addition, the Knicks sent Anthony Randolph and Eddy Curry to the Minnesota Timberwolves and in return the Timberwolves' Corey Brewer was sent to the Knicks . </P> <P> The Knicks clinched their first playoff berth since the 2004 NBA Playoffs in a rout of the Cleveland Cavaliers on April 3, 2011 . Carmelo Anthony ensured the franchise's first winning season since 2001 on April 10, 2011, against the Indiana Pacers, as Anthony scored the game - winning basket for the Knicks and subsequently blocked Danny Granger's shot in the final seconds of the game . The Knicks were ultimately eliminated from contention in the first round on April 24, 2011 by the Boston Celtics, losing the series 0--4 . In spite of Donnie Walsh's successful efforts to help rebuild the franchise, he decided not to return as the team's president, electing to step down at the end of June 2011, citing the uncertainty surrounding his ability to continue to manage the daily operations of the team . Glen Grunwald was elected as interim president and general manager . </P>

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