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.