1:36pm: The deal is indeed official, the Hawks confirmed via press release.
JULY 9TH, 12:46pm: The team hasn’t made any formal announcement, but Millsap refers to it as official on his verified Twitter account.
JULY 1ST, 5:43pm: The Hawks and forward Paul Millsap have reached an agreement on a new contract, Shams Charania of RealGM reports (Twitter link). The deal will be for three years, and approximately $58MM, with a player option included for the final season, TNT’s David Aldridge relays (on Twitter). Millsap also received interest from the Magic, who were the biggest threat to take Millsap away from Atlanta, as well as the Pacers, Mavericks, and Knicks.
Atlanta will presumably use cap space to ink the veteran and not his Early Bird rights. Millsap’s deal will pay him approximately $18.8 MM for the 2015/16 campaign, $19.646MM in 2016/17, and $20.492MM during the final season, which includes the previously mentioned player option, Chris Vivlamore of the Atlanta Journal Constitution tweets.
Millsap made 73 appearances for the Hawks last season, all as a starter, and averaged 16.7 points, 7.8 rebounds, and 3.1 assists in 32.7 minutes per contest. His career numbers through 687 games are 13.5 PPG, 7.3 RPG, and 2.0 APG, with a slash line of .503/.340/.728.