SBD/Closing Bell

Steve Mills Returns To Knicks; Grunwald Demoted To Advisor

In a "shocking shakeup," the Knicks today named Steve Mills the team's President & GM, replacing Glen Grunwald, who will remain with the club as an advisor. Knicks Owner James Dolan "apparently was not pleased with the Knicks' second-round playoff exit or the summer overhaul that have some predicting the Knicks as the fifth-best team in the East." Grunwald did finish third in NBA Exec of the Year balloting. Mills left his role with the Knicks six years ago (NYPOST.com, 9/26).
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