The Knicks are gearing up to clear cap space for this summer.
Per Marc Stein of The New York Times, Tim Hardaway Jr. and Courtney Lee are both indeed on the trading block and the Knicks are hoping to move them by the Feb. 7 trade deadline.
Hardaway and Lee are both under contract for next season and moving them without taking any money on would give them the cap space to pursue a top free agent, such as Kevin Durant.
Hardaway is due $18.2 million next season with a $19 million option for 2020-21. Lee is owed $12.8 million next season in the final year of his contract.
The Knicks were previously reported to be "adamant" about not attaching assets to either Hardaway or Lee, making the team less likely to move them.
It is unclear if they are more willing to add assets to a trade as the deadline approaches, but if there were any doubt before about whether or not they would trade them, that appears to be gone.
The Knicks could still clear the cap sapce this summer, but have other looming expenses, such as Kristaps Porzingis' restricted free agency and a $3.6 million option for Allonzo Trier.
The Knicks are also attempting to trade Enes Kanter, who is playing on an expiring contract. If he is not trade, Kanter is expected to seek a buyout from the Knicks to become a free agent, per Stein.