According to Marc Stein, Kyle Korver has agreed to return to the Hawks with a four-year, $24 million contract.
Kyle Korver is staying with Atlanta on four-year deal worth estimated $24 million, sources tell ESPN
— Marc Stein (@ESPNSteinLine) July 4, 2013
Friend of the program, Robby Kalland, was the first to confirm it with the team.
I have confirmed the Kyle Korver signing through a team source. No word on specific details, but they have reached an agreement. Kyle's back
— Robby Kalland (@RKalland) July 4, 2013
Important parts about this: it likely means that the Hawks will not tank next season. It also means that the Hawks have six million less in cap space; while they still have enough to bring in a big name like Dwight, Iggy, or Pek, it certainly is a decent chunk of change that is now spent.
Korver signing for $6 million a year may seem like a lot, but it really isn’t. Korver is one of the best shooters in the league and spacing is one of the most important parts of winning in today’s NBA. Kyle is also very good in the locker room and will probably work well with new coach Mike Budenholzer.