SEPTEMBER 23RD: The deal is official, the team announced via press release.
SEPTEMBER 12TH, 10:02am: The signing has taken place, according to the RealGM transactions log, though the team has yet to make an official announcement.
SEPTEMBER 10TH, 6:54pm: The Hawks will re-sign Elton Brand to a one-year deal for $2MM, according to Adrian Wojnarowski of Yahoo! Sports (via Twitter). Brand spent his 15th NBA season as a role player in Atlanta, averaging 5.7 points and 4.9 rebounds in 73 appearances for the Hawks. He shot 53.9 percent from the field in 19.4 minutes per contest, helping Atlanta to land the eighth and final playoff seed in the Eastern Conference.
There were reports a few weeks back that Brand and the Hawks were in talks, and the Duke product also reportedly drew interest from the Heat and Knicks this offseason. The 35-year-old has had some injury issues at points in his career and took some time to consider retirement before committing to a 16th season in June. His PER declined for the third straight season in 2013/14 and, at 14.05, was the lowest mark of his career.
The Hawks drafted Adreian Payne at No. 15 in June to add to a frontcourt that already includes Al Horford and Paul Millsap. While Brand, a David Falk client, should get legitimate minutes in 2014/15, he figures to have a somewhat reduced role. He made $4MM in Atlanta last season. If his deal is fully guaranteed, it would make 14 such contracts on the books for the upcoming season in addition to Mike Muscala‘s partially guaranteed deal.