The New York Knicks have agreed a 4-year/$71 million deal with Tim Hardaway Jr. in principle after the Atlanta Hawks refused to match the offer sheet, ESPN’s Adrian Wojnarowski reported on Saturday.

A former Knick, Hardaway was traded from New York to the welcoming Atlanta two years ago, where he enjoyed a couple of fruitfully successful seasons, averaging a career-high 14.5 points on 45.5-percent shooting per game.

With this signing, the Knicks will be hoping that this could be another positive step in the right direction in regard to their rebuilding strategy, hoping he will mesh with the young core of Kristaps Porzingis, Willy Hernangomez and rookie Frank Ntilikina.

Few expected the Hawks to match this large offer from New York from their former two-guard, and a contract this significant will likely spell the end of Derrick Rose’s chances of re-signing, which he had previously been open to.

Former President Phil Jackson conducted the trade that saw Hardaway swap Times Square for Atlanta, but with the flamboyant Jackson out of the picture, maybe the shooting guard’s tenure in New York may last a little longer this time out.

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