Guard Tim Hardaway Jr. is a New York Knick once again after the Atlanta Hawks did not match the Knicks' four-year, $71 million offer sheet on the restricted free-agent.
The Hawks had until Saturday afternoon to match the offer, but notified the Knicks of their decision a few hours ahead of the deadline.
Last season with the Hawks, Hardaway averaged 14.5 points, 2.8 rebounds and 2.3 assists and shot 45.5 percent from the field and 35.7 percent beyond the arc.
"Bringing back Tim to his original NBA home is an exciting time for him and this franchise," Knicks general manager Steve Mills said, according to ESPN.
Hardaway was drafted in the first round of the 2013 NBA Draft by the Knicks and spent the last two seasons in Atlanta.
NBA fans took to Twitter over the weekend sharing they were overwhelmingly surprised the Knicks offered Hardaway a $71 million contract.