It is not just the players that the Knicks have blown money on as they have run through 7 coaches during this time from inexperienced Herb Williams (17 career wins) to legend Lenny Wilkens (1, 332 wins).

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Mr. Moinian said that his family had developed close ties over the years to a number of Knicks players and coaches, including with Herb Williams, the Knicks assistant coach and former player, who attended the younger Mr. Moinian's bar mitzvah in the 1990s.

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