2:07pm: Hardaway has made it official, announcing this afternoon that he'll enter this year's draft.
11:48am: Michigan's Tim Hardaway Jr. will forgo his remaining NCAA eligibility and declare his intent to enter the draft, according to Adrian Wojnarowski of Yahoo! Sports (via Twitter). Earlier today, we heard that Hardaway has a press conference scheduled for 2:00pm CST today, so the junior guard figures to formally announce his decision at that time.
Hardaway Jr., whose father was a five-time NBA All-Star, averaged 14.5 PPG in his junior year at Michigan, a slight step down from his sophomore scoring average. However, his shooting rates increased to 43.7% from the floor and 37.4% on three-pointers.
The 21-year-old will become the second Michigan underclassman to announce his intent to go pro, though he won't be drafted as high in June as his backcourt mate, Trey Burke. Hardaway ranks as Chad Ford's 55th prospect at ESPN.com, and is ranked 56th by Jonathan Givony of DraftExpress.com.