The New York Knicks unloaded Tim Hardaway Jr. as part of the Kristaps Porzingis trade, which frees up substantial cap space this offseason.

Hardaway is owed $20 million in 19-20 and $18.98 million in 20-21.

"There was at least one team that thought they'd get three first round picks for him this summer to open up space for the Knicks to sign max free agents," said Tim Bontemps on The Brian Windhorst & The Hoop Collective Podcast.

With the trade of Porzingis, Hardaway and Courtney Lee, the Knicks project to have enough cap space to sign two max free agents.