8:11pm: The Hawks' President of Basketball Operations and GM Danny Ferry said in a press release tonight: "We are happy to bring Jeff back to our team. He has improved each year of his career and continues to get better." Ferry continues, "At 25, he’s already been a key contributor on a playoff team and we look forward to seeing him develop into even more of a leader on our team.”
Hawks' head coach Mike Budenholzer also added his thoughts on retaining the point guard: "I am very excited to have the opportunity to coach Jeff. He has a high level of talent. Keeping him with our group allows us to continue to build and improve going forward."
5:50pm: A source tells Ken Berger of CBSSports.com that the Hawks' intention all along was to keep Teague, not sign-and-trade him to the Bucks (Twitter).
Brian Windhorst of ESPN.com tweets that a Bucks source tells him the Hawks have officially matched the Bucks' offer for Teague.
Only a little earlier today, Gery Woelfel of the Racine Journal Times had heard continued chatter the Hawks were not likely to match the Bucks' offer sheet and would let Teague, a restricted free agent, go to Milwaukee. But that appears to have been a mask for their true intentions to match the offer.
Teague had already expressed his desire to Hawks general manager Danny Ferry that he'd like to continue his career elsewhere, which Vivlamore mentions in an Atlanta Journal-Constitution update. Teague would have been reunited with his coach from the Hawks last season, Larry Drew, if the Hawks hadn't matched the offer.