Instead, he has taken a job as CEO of NISL's Milwaukee Wave.
Wilt admitted that he was interested in the opportunity of joining the Red Bulls but the uncertainty of what the club was doing forced him to change tact.
"The Red Bulls said I was on their short list, but did not want to discuss the role with me until the end of the season,'' Wilt said in a post on Pitch Invasion.
"There were a couple of other opportunities that fitted in the same category of uncertainty. The Wave on the other hand offered security, a firm offer and all the other benefits listed above.
"Though the Red Bulls and other opportunities may have been higher profile or more in the mainstream of American soccer, no position is without drawbacks, including New York's.'
"I've always avoided taking jobs that can only go down. One of the things that interested me with the prospect of working with the New York Red Bulls was my confidence that I could lead them to significant improvement on and off the field. I believe strongly that the Wave can grow its fan and corporate bases and become much more relevant in Milwaukee again and I like the idea of leading those efforts.''