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Should they panic? Maybe.
According to the New York Post, it looks as if Thomas could make a return to the Knicks franchise as the Hall-of-Fame point guard and owner James Dolan had a meeting Friday morning.
A person familiar with the situation states that him and Dolan had a business meeting in a hotel in Midtown. Both were wearing business suits as they talked in a corner of the lobby.
For a while now, Thomas has been wanting to return to New York since being fired as head coach of FIU. It seems likely a return for Thomas is in place after MSG sports president Scott O'Neil resigned, which seems like a coincidence since he told Dolan that re-hiring Thomas wouldn't be a good idea.
It all seems set in place. The man who didn't want him hired is gone. Dolan seems interested. Then again, it could just be a casual meeting.
However, don't rule out a Thomas-reunion.
Josh Dhani is the founder of FootBasket. You can read more about him at his website. Follow him on Twitter @joshdhani.