Photo Credit: Rob Carr/Getty

The Knicks have moved to reacquire restricted free agent Tim Hardaway Jr., signing an offer sheet with the guard for a four-year deal worth $71 million. The move was first reported by Adrian Wojnarowski and Ian Begley of ESPN.

The Hawks have two days to decide whether to match the offer.

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Hardaway Jr. was drafted by the Knicks and spent the first two years of his career with the team. They dealt him to the Hawks after the 2014-15 season. After struggling in his first season in Atlanta, including a stint in the D-League, he started to find his footing last year—averaging 14.5 points per game while setting personal bests for assists, rebounds and steals.

So, uh, naturally, the Knicks are now laying down more than $70 million to try getting him back. Which also means this:

May we all take joy in the fact that the end of the Phil Jackson era does not mean the end of LOLKnicks.

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[ESPN]