Hawks won't match Knicks' $71M offer to Tim Hardaway Jr

A surplus of reports surfaced on Thursday, July 6 that Tim Hardaway Jr. signed an offer sheet presented to him by the New York Knicks.

These measures were included to ensure that the Hawks would not match the offer since Hardaway was a restricted free agent.

There has been almost uniformed opinion within Atlanta ownership and management that the contract is simply too steep measured against the production and potential of Hardaway Jr., league sources told ESPN.

The New York Knicks are waiving center Marshall Plumlee, according to ESPN's Adrian Wojnarowski.

The Knicks' offer sheet to Hardaway contains a 15 percent trade kicker and a player option in the fourth year, and 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 is coming off the most productive season of his four-year career, averaging 14.5 points, 2.8 rebounds, 2.3 assists and 27.3 minutes over 79 games (30 starts) in 2016-17.

The Knicks renounced their rights to Derrick Rose to open salary-cap room for Hardaway, bringing Hardaway full circle.

Knicks GM Steve Mills staking his reputation on Tim Hardaway Jr.

"They're nuts", wrote another agent.

The Knicks have made many baffling personnel moves in the past decade-plus. NY recently fired its president of basketball operations, Phil Jackson, as well.

The Knicks could also try to re-sign Plumlee later this summer.

  • Wendy Palmer