Hawks will not match Knicks' $71M offer sheet for Tim Hardaway Jr

The New York Knicks outbid the market - and any reasonable expectations - by inking Atlanta Hawks restricted free agent guard Tim Hardaway Jr.to a four-year, $71 million offer sheet on Thursday night.

They plan to notify the National Basketball Association and Knicks later Saturday, according to ESPN.

Tim Hardaway Jr.is the son of former National Basketball Association player Tim Hardaway.

Warsaw native Marshall Plumlee is on the move after being waived by the New York Knicks on Friday. That experiment turned out poorly, so now the Knicks get the guy they handed away for a late first-round pick back again for $71 million. It also includes an unusual provision requiring the team to pay 50 percent of Hardaway's annual salary by October 1 of every season, according to league sources. Hardaway averaged 14.5 points and 2.8 rebounds in 27.3 minutes in 79 games last season. He'll space out as a shooter next to rookie Frank Ntilikina, but it's tough to imagine that NY couldn't have found another player for a much cheaper price. As the beleaguered franchise moves in cyclical fashion (even in the post-Phil Jackson era), Grant was traded to Chicago for Derrick Rose, who was then renounced to provide the cap space to hand a rotation-level wing more than $17 million average annual salary. The terms are unknown.

Tim Hardaway Jr. Signing Is Not the Massacre It's Being Portrayed As For The Knicks Knicks USATSI_7705224-640x427
Hawks will not match Knicks' $71M offer sheet for Tim Hardaway Jr

Trade rumors swirled around Anthony, some fueled by comments from Phil Jackson, the National Basketball Association coaching icon who resigned as Knicks president in June.

The room exception, a small amount of cap space and veteran's exceptions are the only tools the Knicks now have to offer free agents.

Hardaway is expected to make the Knicks younger, more athletic and more fluid.

  • Eleanor Harrison