Steve Mills explains Tim Hardaway Jr. signing

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The New York Knicks shocked the basketball world on Friday when they handed a four-year, $71 million offer sheet to Atlanta Hawks guard Tim Hardaway Jr.

It's no surprise that the Hawks, who are now in full rebuild mode after not even offering Paul Millsap a contract, decided not to match what may be the worst contract of the entire summer.

While Hardaway Jr. did evolve into a solid wing player a year ago in Atlanta, he's hardly a star.

Tim Hardaway Jr. will be returning to the team that drafted him.

Knicks coach Jeff Hornacek spoke to reporters in Chicago on Thursday, May 11, 2017, expressing optimism that the rift between the team and young star Kristaps Porzingis will be put behind them. It also includes an unusual provision requiring the team to pay 50 percent of Hardaway's annual salary by October 1 of every season, according to league sources. Last season, he averaged 14.5 points a game and hit on 35.7 percent of his 3-point attempts.

Mills has all but confirmed the youth movement in his explanation of the Hardaway Jr. signing.

The club renounced its rights to free agents Derrick Rose, Sasha Vujacic and Ron Baker to make room for the contract.

Trade rumors swirled around Anthony, some fueled by comments from Phil Jackson, the National Basketball Association coaching icon who resigned as Knicks president in June. Rose and Rajon Rondo are among the free agent point guards remaining on the market.

The Knicks have made many baffling personnel moves in the past decade-plus.

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