MILWAUKEE - APRIL 30: Al Horford #15 of the Atlanta Hawks celebrates as he runs off the court for a time-out in the 4th quarter against the Milwaukee Bucks in Game Six of the Eastern Conference Quarterfinals during the 2010 NBA Playoffs at the Bradley Center on April 30, 2010 in Milwaukee, Wisconsin. The Hawks defeated the Bucks 83-69. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Jonathan Daniel/Getty Images)

Hawks Sign Al Horford To Five-Year, $60 Million Extension

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Al Horford Agrees To Sign Five-Year, $60 Million Extension With Hawks

Michael Cunningham of the Atlanta Journal Constitution reports the Hawks have reached a contract extension agreement with Al Horford, the third overall pick in the 2007 NBA Draft, worth $60 million over five seasons. The deal, Cunningham says, “is expected to include performance incentives,” which Horford and Arn Tellem, his agent, will discuss today in meetings with the team.

The deal will keep Horford in the Highlight Factory through the 2015/16 NBA Season. Had he and the team not reached this agreement, he would have become a restricted free agent next summer.

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Al Horford Expects Extension Negotiations To Brush Up Against Deadline

As the Hawks and Al Horford approach the Nov. 1 deadline for signing a contract extension, Horford believes negotiations will last right up until the deadline, says Michael Cunningham of the Atlanta Journal Constitution.

“I kind of have thought this all along, but I think it really is going to come down to the last day,” Horford said.

Cunningham says Horford is “not anxious or nervous” about the situation.

The only two players from the 2007 Draft class to secure extensions so far are Kevin Durant of the Oklahoma City Thunder and Joakim Noah of the Chicago Bulls, as Cunningham notes.

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Al Horford, Hawks Likely To Reach Contract Extension Agreement Before Deadline

Citing “sources close to the situation,” Marc Stein of ESPN.com reports that Hawks center Al Horford is a “strong contender” to receive a contract extension before the Nov. 1 deadline. He notes that Horford’s position as “a borderline All-Star big man”—he indeed made the All-Star team last year—as well as his choice in representation are helping his chances. Stein notes that Arn Tellem, who negotiated a maximum contract for Hawks swingman Joe Johnson earlier this summer, also represents Horford, which could give him an advantage.

Nov. 1 is the deadline for members of the 2007 draft class to reach extension agreements with their current teams. Should Horford not agree to an extension with Atlanta by that time, he will become a restricted free agent next summer, though the strong possibility of a lockout makes predicting anything beyond that point difficult.

The 6-foot-10 Horford is coming off his third NBA season, which was also his finest: he averaged 14.2 points, 9.9 rebounds, 2.3 assists, and 1.1 blocks while shooting 55.1 percent from the field. Given those numbers, and the fact that he only turned 24 over the summer, it’s easy to see why the Hawks want to keep him in their long-term plans.

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