The New York Knicks have exercised the third-year option for shooting guard Tim Hardaway Jr. Hardaway Jr., had a good rookie season averaging averaging 10.2 points in 23.2 minutes per game.

This show's that the Knicks new regime is committed to the 22 yr-old. The next move for the Knicks is to figure out if they want to commit to Iman Shumpert. According to reports Shumpert and the Knicks, have had no discussions about a possible extension entering the new season.

If the Knicks don't agree to an extension with Shumpert, he will be a restricted free agent this summer.

The shooting guard position is by far the Knicks most deep position, it will be interesting to see how Phil Jackson and Derek Fisher handle the situation.