Jul 8th, 2009 | 12:14 am |

The Arizona Republic is reporting that the New York Knicks have offered veteran forward Grant Hill a choice between one year $5 million dollar or a three year $10 million dollar contract.

Tuesday the NBA set the 2009-2010 salary cap at $57.7 million and the mid-level exception at $5,854,00. The Suns were looking to only use a portion of that to retain Hill’s services.