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Jeff Teague Signs Offer Sheet With Bucks

SATURDAY, 4:27pm: Gery Woelfel of the Racine Journal Times is hearing continued chatter that the Hawks won't match the offer sheet (Twitter link). The deadline is tonight.

WEDNESDAY, 11:37pm: It appears the Bucks need only to renounce their rights to Joel Przybilla to fit Teague's offer sheet under the cap, Stein tweets. If Teague has already signed the offer sheet, I'd presume the they've already renounced Przybilla, but we'll see if that's the case.

11:18pm: Teague has signed the offer sheet, Wojnarowski and fellow Yahoo! Sports scribe Marc J. Spears report.

10:32pm: Jeff Teague is set to sign a four-year, $32MM offer sheet with the Bucks, tweets Adrian Wojnarowski of Yahoo! Sports. Once he signs and the Hawks are notified, Atlanta will have three days to match the offer. The teams appeared to be pursuing sign-and-trade options, but once Teague puts pen to paper on the offer sheet, that option will disappear.

Marc Stein of reported earlier today that the Bucks were preparing the offer sheet, and he wondered if that was a tactic designed to spur sign-and-trade negotiations. Either way, it appears the Hawks aren't willing to play along. The Bucks may have to make some maneuvers before Teague can sign the offer sheet, particularly since the team is about to absorb Luke Ridnour's $4.32MM salary via trade. Grantland's Zach Lowe pointed out earlier that the team would likely have to clear some space, pointing to a Drew Gooden amnesty as a possibility. Renouncing the rights to Brandon Jennings could also do the trick, and with Teague, Ridnour and O.J. Mayo set to join the backcourt, I wouldn't be surprised if letting go of Jennings is the way Milwaukee goes. The team has already renounced its rights to Monta Ellis.

Teague will presumably sign the offer sheet Thursday, tweets Gery Woelfel of the Racine Journal Times, leaving little time for the Bucks to make corresponding moves. The danger in letting go of Jennings and Ellis would be the possibility that Atlanta would match the offer sheet, although sources told Lowe that the Hawks have little regard for Teague. The point guard's camp was reportedly growing frustrated by Atlanta's lack of meaningful negotiation. 

The ASM Sports client's numbers have gone up across the board in each year since his rookie campaign, and last year he put up 14.6 points and 7.2 assists per game with a 16.8 PER. Despite his steady improvement, it looks like he'll fall short of the money many of his peers from the 2009 draft class landed in long-term extensions last fall.

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