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Knicks and Nets have been caught up in this vortex before

The Knicks and Nets cut, slashed, saved like Scrooge. Both amassed an alarming array of defeats. But all was done to chase other-worldly free-agent stars.

That was in 2010 when free-agency excitement mesmerized New York. LeBron James, after all, was on the market.

“He dominated the whole thing,” said Donnie Walsh, a Pacers adviser now but the Knicks president who spearheaded the 2010 tactical machinations.

It did not go as hoped.

With the upcoming star-studded class headlined by Kevin Durant (despite his ruptured Achilles), Kawhi Leonard and Kyrie Irving, free-agent fervor again grips New York.