Yes, they started rebuilding a long time ago, they even hire Phil Jackson to be the President of this team, unfortunately it was a failure and until now the Knicks are still in the stage of experimenting to improve the team, this team is awful, they done qualify in the playoffs and they finished with a very bad record in most seasons, the best season they have IIRC was only when Melo was still with the team, and of course with the Linsanity, who would forget that.