Jeff Teague has received a qualifying offer from the Atlanta Hawks, making him a restricted free agent.
ESPN’s Brian Windhorst tweeted that the QO is for $4.5 million, although the team has not announced it. But Chris Vivlamore of the Atlanta Journal-Constitution is also reporting the news via twitter saying that “The Hawks have extended a qualifying offer to Jeff Teague.”
This move by the Hawks was widely expected as Teague is quickly becoming one of the best young point guards in the league, making significant improvements to his game each year throughout his first four seasons, and you definitely want to keep a player like that.
This past season, Teague set career-high marks in points per game (14.6), assists per game (7.2) and free-throw percentage (.881). Those numbers were a big jump from 2011-12′s stats of 12.6/4.9/.757.
By extending a qualifying offer to Teague, it allows the Hawks to match any offer he may get from another team. A qualifying offer constitutes a guaranteed one-year contract.
NBA teams had to make qualifying offers before July 1, which is the start of free agency.
Teague was originally suppose to receive a qualifying offer of $3,469,568 from Atlanta, but he met the starter criteria, which triggered an incline in the figures. However, it may not make a difference between those figures because Teague is expected to get a multi-year deal for much more money, probably somewhere in the $8-10 million range.