JULY 10TH: The Hawks have officially signed Millsap, the team announced today in a press release.
JULY 5TH: The Hawks have agreed to a deal with power forward Paul Millsap, tweets Chris Vivlamore of the Atlanta Journal-Constitution. It's a two-year deal, Vivlamore adds via Twitter. Alex Kennedy of HoopsWorld first reported the two sides were in serious discussions. The pact will total $19MM, according to Bill Oram of The Salt Lake Tribune (Twitter link).
Millsap, a client of agent DeAngelo Simmons, gets a slight bump from his $8.6MM salary this past season, and presumably will be playing power forward next to Al Horford in Atlanta. Horford is one of just three returning Hawks players who entered the summer with guaranteed contracts, though Atlanta re-signed Kyle Korver earlier this week. The Hawks, armed with plenty of cap space, figure to be active now that Dwight Howard is heading to Houston instead of his hometown, and the team has already been linked to a possible sign-and-trade involving Josh Smith and Omer Asik.
The Jazz renounced their rights to Millsap earlier today after absorbing the expiring contracts of Richard Jefferson, Andris Biedrins and Brandon Rush. That rendered Utah unable to make a competitive bid to retain Millsap, since the Jazz are up against the cap.