NBA teams were reportedly 'startled' by the Knicks offering $71 million to a 25-year-old guard they had previously traded away

pulse

July 11, 2017 5:29 PM

NBA executives were surprised by the Knicks giving Tim Hardaway Jr. $71 million, as according to one exec, "No one else was going to offer that."

null

The New York Knicks made one of the biggest and most puzzling splashes in NBA free agency this summer when they inked Tim Hardaway Jr. to a four-year, $71 million contract.

Hardaway averaged a career-high 14 points per game last season for the Atlanta Hawks, but by most indications, the Knicks' offer was an overpay. Two reports said the Hawks planned to offer $45-48 million to Hardaway.

From the sounds of it, much of the NBA was surprised at the Knicks offering a player they drafted in 2013, then traded in 2015, so much money.

According to Yahoo's Chris Mannix, some executives at the Las Vegas Summer League were "startled" by the contract.

"Can’t understand the New York Knicks these days?

"Don’t worry – you’re not alone. A sizable number of team executives gathered at the NBA’s annual desert summer league can’t either.

"Think the Knicks overpaid for Tim Hardaway Jr.? Guess what? Hardaway’s four-year, $71 million deal startled more than a few decision makers here. The Hawks were keen on keeping Hardaway. At $40 million. Maybe $50 million.

"$71 million?

"Pass."

Furthermore, according to Mannix, one executive said he'd have paid more to Dion Waiters – who ended up signing a four-year, $52 million deal with the Miami Heat — than Hardaway.

pulse