Source: Kevin C. Cox/Getty Images North America)

Kyle Korver Officially Re-Signs with Atlanta Hawks

Three-point specialist Kyle Korver has officially signed his new four-year deal with the Atlanta Hawks, President of Basketball Operations/General Manager Danny Ferry announced Friday.

“Kyle was a key contributor for us last season, and we’re thrilled to retain him,” Ferry said. “He is a tremendous competitor and an important presence for our team both on and off the court.”

Terms of the agreement were not disclosed, per team policy. However, ESPN.com sources believe the deal is a four-year contract worth an estimated $24 million.

Korver and the Hawks agreed to the deal on July 3, but it couldn’t become official until the league’s moratorium lifted on July 10.

Korver took to Twitter to announce the news as well:

Kover was one of the most sought after free agents on the market and had several teams fighting for his services, most notably Brooklyn, Milwaukee and San Antonio.

The Bucks reportedly offered the 6’7” sharp-shooter a $20 million deal over three seasons, but he turned it down. The Nets were limited to offering a three-year deal worth just under $10 million.

Korver spent last season with the Hawks, averaging 10.9 points, 4.0 rebounds and 2.0 assists, while posting a .461 field-goal percentage and .859 free-throw percentage. He was also the second-best sharp-shooter in the NBA last season, hitting 45.7% of his 3-pointers (Jose Calderon – 46.1%).

He and Al Horford are the only returning starters thus far from last season’s quad. The Hawks must decide by Saturday night if they will match the Bucks’ four-year, $32 million offer to restricted free-agent point guard Jeff Teague.

Korver also has an active streak of 73 straight regular-season games with a 3-pointer made. It’s going to be great to see him add to that streak in a Hawks uniform next season!

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Tags: Atlanta Hawks Kyle Korver NBA Free Agency NBA Rumors

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