8:42pm: The Hawks and Knicks have struck a deal that sends Tim Hardaway Jr. to Atlanta, which will use the No. 19 pick to select Notre Dame point guard Jerian Grant for New York, reports Adrian Wojnarowski of Yahoo! Sports (on Twitter).
It’s no shock to see Hardaway in a deal, though the Pistons reportedly appeared to be the most interested team. New York drafted Hardaway 24th overall two years ago, and parlays him into a higher selection in this evening’s draft.
Grant spent five years, including a red-shirt season at Notre Dame. He spoke with Zach Links of Hoops Rumors about why he didn’t declare earlier and the progress he made as a senior this past season. He’ll represent a cap hold of $1,310,300 on New York’s books, slightly more than the nearly $1.305MM Hardaway is to make next season.
Hardaway will give Atlanta depth on the wing with DeMarre Carroll a free agent this summer. The Hawks are clearing about $300K in extra cap flexibility as they moved down from the No. 15 pick in a deal with the Wizards before reaching the agreement with New York.