09 July, 2017
Hardaway's agent confirmed the offer to the New York Times.
Previously, it was expected that the Hawks would match any offer.
Hardaway's offer sheet was delivered to the Hawks on Thursday night, and Atlanta elected to pass on a deal that is a significant investment with a fourth-year player option worth almost $19 million, league sources said.
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He was drafted in 2013 with the No. 24 pick overall by NY, but was transacted in 2015 to Atlanta for the rights to Jerian Grant, but the Knicks then packaged Robin Lopez and Grant in a trade throughout 2016 to Chicago for the Bulls' Derrick Rose, only to renounce the rights to Rose on early Thur so salary cap space could be made for Hardaway. League sources earlier told ESPN there was almost uniformed opinion within Atlanta's front office that the contract was simply too steep when measured against the production and potential of Hardaway Jr. To make room for Hardaway's contract the Knicks had to renounce Derrick Rose, Sasha Vujecic and Ron Baker.
Hardaway's contract includes a 15 percent trade kicker, meaning the Knicks will be forced to pay an extra 15 percent of any remaining salary on his deal, making that the poison pill and absolute deal-breaker for Atlanta. But in the end, the money was far greater in NY than the Hawks were willing to pay.
The move could mean the Knicks will strengthen their efforts to trade veteran star Carmelo Anthony.
The Knicks can start him with Courtney Lee, who signed a $50 million deal last summer, with each player moving between shooting guard and small forward.