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The Knicks signed Tim Hardawaaaaait a minute, $71 MILLION?!

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Chicago Bulls v Atlanta Hawks Photo by Kevin C. Cox/Getty Images

The Knicks drafted Tim Hardaway Jr. back in the first round in 2013. He was fine for a pick in the 20s as a single-minded wing scorer, with mixed results in his efficiency. Ultimately replaceable. So the Knicks used him in a draft-night trade in 2015 to get Jerian Grant, a point guard. A year later, the Knicks threw Grant into the pot for the Derrick Rose trade.

Hardaway's a restricted free agent now, and New York decided to try to bring him back. That's a little weird — you trade a player for low return (which you flip for a rental) and then chase the original player in free agency two years on? OK — but hey, circumstances change.

The Knicks offered Hardaway $71 million over four years.

$71 million.

Four years.





For Tim Hardaway Jr.

Hardaway was fine for a late first-round pick, and he's fine for a supplemental wing scorer — a poor man's Jamal Crawford, if you will. But that is a huge contract, even at the current modern salary levels. Hardaway's average salary is something like 18 percent of the salary cap. You can't be paying a guy who should be your fifth or sixth best player 18 percent of the cap! Math dictates that you don't do that!

Once the Hawks refuse to match the offer sheet — I can't imagine a world in which they match — this will become the second worst contract in the NBA ... behind the deal the Knicks gave Joakim Noah last summer! At least Hardaway's limbs are in working order (as far as we know).

What is Knicks may never die, but rises again harder and stronger.

Reminder: NBA free-agent signing tracker and NBA free-agent and trade rumor tracker.

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An oral history of NBA Jam.

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Nathaniel Friedman on the ripple effect caused by the Warriors' dominance.

The Wizards and Nets are getting rather petty over Otto Porter's offer sheet. Washington will end up matching, but now his contract is going to be way messier than it needed to be. Just pay your very good restricted free agents, people!

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Plot twist for the Clippers: Patrick Beverley (who played in Europe for a few years) says he's used "Milos Teodosic" as a hotel alias. Can't do that anymore!

Dan Devine and I came to the same conclusion: Dion Waiters bet on himself and won. Here's Dan's piece, and mine.

If anyone deserves a good birthday cake, it's Pau Gasol. This is not a good birthday cake.

And finally: hello, weird as pekle Latvian Visa commercial starring Kristaps Porzingis. Hello.