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The Knicks have signed Tim Hardaway Jr. to a four-year, $71 million offer sheet

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Steve Mills has awoken from his slumber!

NBA: Atlanta Hawks at New York Knicks Andy Marlin-USA TODAY Sports


It took an astounding five days and 23 hours, but, as they say, the Knicks are back!

Introducing the first Woj (and Begley!) bomb of this Knicks offseason:

A little more contract detail from Shams Charania of The Vertical:

Tim Hardaway Jr., huh? Sounds familiar! Timmy’s a little different since you last saw him in a Knicks uniform, however—he’s 25 years old now, and he’s coming off of a season where he scored 14.5 points per game, shot a career-high .455 from the field and started 30 games.

Depending on how you feel about Derrick Rose, here’s some concurrent news:

So, if Hardaway’s offer sheet is not matched, the Knicks will effectively be saying sayonara to their starting PG of a year ago.

Therein lies the rub here, though—Atlanta, by virtue of acquiring Hardaway from the Knicks two years ago, own his rights as a restricted free agent, and can match the Knicks’ offer sheet. According to those with knowledge of the situation, they may opt to:

And they have received the offer sheet. Start the 48-hour clock.

This move will surely be polarizing, although the general pulse among Knicks Twitter right now is “PANIC!!!”

The plus is, Hardaway is a young player coming off inarguably his best season, and Knicks fans that bought his jersey during his first run here can un-retire it. At 25, he fits the “timeline” of a young team that features four key pieces that are age 23 and under (yes, I’m officially counting Damyean Dotson as a “key piece” along with Kristaps Porzingis, Frank Ntilikina and Willy Hernangomez — he’s a superstar until he’s not!). The Knicks will also probably put together a sweet “I’m Coming Home” montage to welcome Tim Jr. back to the Garden.

The minus is, that’s a hell of a lot of money, over a fairly large number of years.

Should be an exciting 48 hours, to say the least! Is this a good move, a bad move, or a quintessentially Knicks move? Discuss and be nice to each other in the comments.

UPDATE 12:00 a.m.:

The plot thickens...