New York Knicks Sign Tim Hardaway Jr. to $71 Million Offer Sheet (Report)
Apr 7, 2017; Cleveland, OH, USA; Atlanta Hawks guard Tim Hardaway Jr. (10) dances after hitting a three-pointer during the second half against the Cleveland Cavaliers at Quicken Loans Arena. The Hawks won 114-100. Mandatory Credit: Ken Blaze-USA TODAY Sports

According to Adrian Wojnarowski of ESPN, the Atlanta Hawks will not match the New York Knicks large offer sheet.

Fans freaked out when the New York Knicks signed Tim Hardaway Jr. to a four-year, $71 million offer sheet. They hoped for the Atlanta Hawks to save them by matching that crazy number. So much for that.

Adrian Wojnarowski of ESPN reports that the Hawks are being smart and not matching the offer sheet.

ESPN’s Kevin Arnovitz reported that the Hawks were willing to go as high as a whopping $45 million. $71 million over four years is crazy for the Knicks. $71 million is a stretch when they have all that money tied up in fellow wing player Kent Bazemore.

This leaves little money left for the Knicks to spend on a point guard. It will be difficult to convince either Derrick Rose or Rajon Rondo to come to New York.

Incumbent shooting guard Courtney Lee is now likely on the way out. He’s set to make $12 million next season and having both salaries on the books makes no sense.

However, sense and the Knicks rarely go together. So who knows what this makeshift front office will do next?

I'm ESNY's Executive Editor for I cover the New York Knicks and Brooklyn Nets. Email: Chip Murphy covers the NBA for Elite Sports NY. You can find him on Twitter @ChipperMurphy.