TORONTO - Bryan Colangelo says his plan is to stay put in Toronto.

The Toronto Raptors general manager scoffed at speculation Wednesday that he could be on his way to the New York Knicks when his contract expires June 30.

"I'm absolutely committed to Toronto and obviously knee deep in our own rebuilding plan," Colangelo said in an e-mail. "My preference is to complete it."

A New York Post article suggested Colangelo would be the perfect replacement for Knicks president Donnie Walsh, if Walsh decides he doesn't want to stay in New York. Colangelo has a connection with Knicks head coach Mike D'Antoni, hiring the coach in Phoenix when he was the Suns' GM.

"I have too much respect for Donnie to comment on baseless speculation," Colangelo said. "I hope for his sake he's there to finish the job he's started."

The rebuilding Raptors were 21-56, and playing out what's left of a disappointing season, heading into Wednesday night's game against the visiting Cleveland Cavaliers.