Knicks sign free-agent guard Tim Hardaway Jr

So it's not all that shocking they're about to overpay for Hardaway Jr.

The wait is over.

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

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.

While this deal was done it hardly settled the Knicks roster.

NY renounced Derrick Rose's contract in order to have enough cap space for this deal.

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The move could mean the Knicks will strengthen their efforts to trade veteran star Carmelo Anthony. (10) is returning to the Knicks less than two weeks after the departure of Phil Jackson, the team president who traded him to Atlanta in 2015. The Knicks have been engaged in trade talks with the Houston Rockets, with Anthony reportedly willing to waive his no-trade clause to join his friend, Chris Paul, on a contending team.

The other option now for the Knicks is figuring out whether to move Courtney Lee.

Tim Hardaway Jr. will be a Knick again. 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.

"I love it here", Hardaway Jr. told reporters at the end of the Hawks season.

The Hawks delivered official notification to the Knicks earlier Saturday, before the 48-hour deadline passed, according to sources. They made me go through some tough times. The club is looking for a veteran point guard to mentor rookie Frank Ntilikina but has limited resources to find one. While numerous best point guards have been snapped up already, Rose and Rajon Rondo remain in search of a contract.

  • Rita Burton