Reports: Hawks not matching Tim Hardaway Jr.'s offer sheet with New York Knicks

The Atlanta Hawks have reportedly told the Knicks they will not match Tim Hardaway Jr.’s four-year offer sheet with the New York Knicks, according to Adrian Wojnarowski of ESPN.

Here’s more detail from Adrian Wojnarowski of ESPN, including the potential for the Knicks’ new interest in moving Carmelo Anthony.

The Atlanta Hawks will not match the four-year, $71 million offer sheet on restricted free-agent guard Tim Hardaway Jr., clearing the way for him to join the New York Knicks, league sources told ESPN on Saturday.

The Hawks plan to deliver official notification to the NBA and Knicks before the 48-hour deadline passes Saturday, as league sources told ESPN there has been nearly uniformed opinion within Atlanta’s front office that the contract is simply too steep when measured against the production and potential of Hardaway Jr.

The Knicks’ acquisition of Hardaway Jr., to the staggering deal is expected to trigger a renewed willingness to work with the Houston Rockets on trade scenarios to unload Carmelo Anthony, league sources told ESPN.

The Rockets have been persistent in their pursuit of Anthony, who is willing to waive his no-trade clause to join Chris Paul and James Harden in Houston, league sources told ESPN, and the Knicks do not imagine a scenario where Hardaway Jr. is sharing the floor with Anthony to start the season.