The Atlanta Hawks will not match the four-year, $71 million offer sheet Tim Hardaway Jr. signed with the New York Knicks.

Hardaway will receive a player option in the final year of the deal.

Hardaway was drafted by the Knicks with the 24th overall pick in the 2013 draft out of Michigan and was traded to the Hawks after his second season for a first round pick that became Jerian Grant.

Hardaway averaged 14.5 points, 2.8 rebounds and 2.3 assists in 27.3 minutes per game last season with the Hawks.