Hawks Sign Elton Brand

1:14pm: The Hawks have formally announced Brand's signing in a press release, making it official. The veteran's one-year pact with the team will be worth $4MM, reports Jeff Zillgitt of USA Today. While that's an increase over the $2.1MM Dallas paid him last season, it's a significant pay cut from the $18MM+ overall salary he was earning after being amnestied by the Sixers.

12:20pm: The Hawks have reached an agreement on a one-year deal with Elton Brand, agent David Falk tells Jorge Sierra of HoopsHype. Terms of the contract have yet to be reported, but Brand figures to sign for a portion of Atlanta's cap space, rather than the minimum salary.

Brand, 34, is coming off a season with the Mavericks in which he established new career-lows in a number of categories, including PPG (7.2) and RPG (6.0). Still, he remained relatively efficient (15.2 PER), and Falk tells HoopsHype that he believes his client could play another four or five years.

The Mavs were believed to be in the hunt for Brand, who also drew interest from the Knicks, Lakers, and Cavs, among other teams. For the Hawks, the former first overall pick becomes the latest addition to a revamped frontcourt that lost Josh Smith and Zaza Pachulia, but has gained Paul Millsap and DeMarre Carroll.

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