The Nets have a lot of high salaries on the team, and they lost Morrow and Farmar, their two best shooters off the bench. This is one way to replace them.
For those unfamiliar with Hardy, he finished his St. John's career with 18.3 points per game. He is not a great three point shooter, but he can hit threes, and has hit some big shots in his career. Hardy helped St. John's beat Villanova, Pittsburgh, Duke and other elite teams in his senior year. Steve Lavin referred to him as "one of the best shooters he's ever coached."
He was projected as a lottery pick in 2011, but for some reason went undrafted. He played last year in Italy, so I am not sure what his availability is, but if the Nets can sign him this would be an excellent pickup. Hardy's height (6'2") and defense may be a little suspect, but as far as a scorer who would be willing to sign for JUST ABOUT NOTHING this is an option the Nets should consider.
Added incentive? Hardy is from The Bronx so it's good to have a native New Yorker on the Nets their first year there.