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Ern burns LeBron-seeking Knicks

Wizards exec Grunfeld wipes out ex-employer's only advantage over hated Bulls

Updated: June 25, 2010, 11:46 AM ET
By Ian O'Connor | ESPNNewYork.com

NEW YORK -- In a different life, back when he was in charge of assembling his hometown Knicks, Ernie Grunfeld said there was only one thing more frightening in the NBA than the prospect of clearing salary cap space:

Clearing that cap space and having no worthwhile free agents willing to take it.

So thanks to Grunfeld, Knicks president Donnie Walsh should be afraid. Very, very afraid.

Grunfeld's Washington Wizards just cut a deal with the Chicago Bulls that ...

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