The Knicks made a big free agency move late Thursday night, and shockingly, it is not getting glowing reviews from the basketball world.
Late last night, ESPN's Adrian Wojnarowski and Ian Begley broke the news that the franchise had extended an offer sheet to Atlanta Hawks restricted free agent wing Tim Hardaway Jr.
While Hardaway's status as a former Knick made it a pretty funny move in and of itself, coming off of a career year, a normal offer probably wouldn't have been lampooned too much.
However, the Knicks went above and beyond believed market value for the 25-year old, offering him a reported four-year, $71 million contract.
While the market is still adjusting to last year's salary cap spike, he'll be making a shade under what stars like Kawhi Leonard, Kyrie Irving, John Wall, DeMarcus Cousins, and Klay Thompson make. This offer from any team would get absolutely roasted, but because its the Knicks, Twitter absolutely exploded last night.
Andy Glockner, co-founder of Sports Illustrated property The Cauldron, had an especially fun night on Twitter.
Even Dion Waiters, a player comparable to Hardaway statistically who just resigned with the Miami Heat after becoming a minor cult hero with the team last year, couldn't help but take a shot. Waiters agreed to a four-year, $52 million deal with Miami.
The Hawks do have the ability to match. However, based on this report by ESPN's Kevin Arnovitz, that seems... extremely unlikely.
Perhaps the best part of this crazy contract: the Knicks renounced the rights to Derrick Rose to afford the massive Hardaway offer, which completes a bizarre circle of deals that began with the team drafting Hardaway back in 2013.
This is truly one of the Knicksiest things we've seen in a long time. Phil Jackson is probably delighted.