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Report: Tim Hardaway Jr. signs 4-year, $71 million offer sheet with Knicks

Atlanta Hawks restricted free agent shooting guard Tim Hardaway Jr. has signed a four-year, $71 million offer sheet with the New York Knicks, according to Shams Charania of The Vertical, terms reported by ESPN’s Adrian Wojnarowski and Ian Begley.

The Hawks will have a 48-hour window to match the offer if they hope to retain the hot-shooting swingman home.

Hardaway will have a back-loaded salary of $19 million in the last year of his deal.

New York will need to renounce the $29.7 million free agent cap hold of point guard Derrick Rose in order to have room to sign the 6-foot-6 shooting guard, according to ESPN Insider Bobby Marks.

A former Knick, Hardaway does not harbor any resentment toward the organization, given that the individual responsible for trading him, Phil Jackson, is not with the franchise anymore, his father Tim Hardaway Sr. told Marc Berman of the New York Post.

Hardaway flourished during his stint in Atlanta, becoming not only a reliable perimeter weapon, but one that can catch fire in the clutch — being part of many late-game heroics in a Hawks jersey.

The Michigan standout is one of the last few proven commodities at the wing in the sixth day of free agency, and one that will earn more than a decent payday for his services, whether the Hawks choose to match or not.

Hardaway averaged 14.5 points, 2.8 rebounds, and 2.3 assists per game in his second year with the Hawks and his fourth in the league.