Yeah, that was an incredibly bad deal by them lol. Not only did they (probably) way overpay him after finally looking like they could get out of the salary cap shit show that they were in, they went through a two year process of this:
- Trade THJ for a 1st round pick.
- Draft Jerian Grant.
- Trade Jerian Grant for Derrick Rose and a 2nd Round pick.
- Draft Damyean Dotson then renounce Rose for cap space.
- Offer Hardaway $71 million over 4 years.
So basically, the knicks traded Tim Hardaway Jr. for a second round pick and a much more expensive Tim Hardaway Jr.