Money Matters - Simplified

NBA team

Isiah Thomas calls off Knicks job

New York -- Former New York Knicks president and coach Isiah Thomas said Wednesday he won't be returning to the NBA team as a consultant.

Five days after the announcement of his return on a part-time basis ignited a controversy over his dual role as a college coach, Thomas issued a statement saying the deal has been called off, The New York Times reported.

In the statement, Thomas said he had spoken with NBA Commissioner David Stern and Knicks executives, and that "it has become apparent that my new agreement violates certain NBA bylaws."

"Because of this, I have decided to rescind my contract with the team," the statement said.

C.J. Watson remains a Warrior

Oakland, Calif. -- Guard C.J. Watson has signed a contract to stay with the Golden State Warriors, the NBA team said Wednesday.

The Warriors didn't say how much it will pay the restricted free agent or for how many years he is signed.

Watson averaged 9.5 points, 2.5 rebounds and 2.7 assists in 77 games for Golden State last season. He shot almost 46 percent from the field and 87 percent from the free-throw line.

"We are happy that C.J. will be returning to our team next season," Warriors General Manager Larry Riley said. "He has taken full advantage of his opportunities since being called up from the D-League two seasons ago and has worked hard to make himself into a quality NBA player."