The Knicks announced today that former Madison Square Garden president Steve Mills will replace Glen Grunwald as executive vice president and general manager. Grunwald will remain with the organization as "an adviser" according to a statement released by the team.

"I am pleased to be able to welcome Steve back to the Knicks" Madison Square Garden executive chairman James Dolan said in a statement. "He is a well-respected sports executive with a strong background in basketball as well as a familiarity with NBA operations and our company. We look forward to his leadership and believe he is the right person to help us reach our ultimate goal of winning an NBA Championship.

"We are grateful for Glen's many years of valuable service and pleased that he will remain with the organization."

Grunwald helped assemble the team that went 54-28 last season and won its first Atlantic Division title in 19 years. Among the moves he was responsible for during his time as the Knicks general manager were the acquisitions of Tyson Chandler Steve Novak Raymond Felton Pablo Prigioni and Chris Copeland.

This offseason Grunwald traded for Andrea Bargnani signed free agents Metta World Peace and Beno Udrih and drafted Tim Hardaway Jr.

There are several key questions facing the Knicks. Coach Mike Woodson's contract isn't guaranteed for next season. He has a strong relationship with Grunwald as they were college teammates at Indiana.

Carmelo Anthony can opt out of his contract -- and likely will -- after the season. J.R. Smith is recovering from knee surgery and has been suspended five games by the NBA for violating the terms of the anti-drug agreement. Amar'e Stoudemire is trying to become a regular contributor again after surgeries on both knees limited him to 29 games last season. And many teams in the Eastern Conference improved including the crosstown rival Nets.