Hawks Signing Bogdan Bogdanovic to Four-Year Extension

The Hawks and guard/forward Bogdan Bogdanovic have agreed to a four-year contract extension worth $68 million, per Adrian Wojnarowski of ESPN.Bogdan Bogdanovic

Bogdanovic, 30, is 6-foot-6 and averaging 14.1 points and shooting 40 percent on 3-pointers in 43 games. This is his third season with the Hawks, in which he got off to a slow start after being sidelined with an injury. He has been good lately, though, coming off the bench and adding firepower behind Trae Young, Dejounte Murray and De’Andre Hunter.

Bogdanovic and the Hawks are now being coached by Quin Snyder, who took over in February and clearly trusts Bogdanovic as part of the major rotation. It’s been reported that Snyder has a say in personnel moves.

Bogdanovic had an $18 million player option available to him this offseason. Had he declined he could’ve entered free agency. Instead, the first year of his new contract will replace that option, per ESPN’s Bobby Marks. That first year of the extension cannot be less than the $18 million option.

The deal very well could put the Hawks above the tax line for next season. As Marks noted, Hawks owner Tony Ressler has never paid any luxury tax previously.

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