The Atlanta Hawks and point guard Dennis Schroder have agreed to a 4 year, $70 million dollar extension.
Marc Stein of ESPN first broke the news Wednesday afternoon.
Dennis Schroeder and the Hawks have agreed to a four-year, $70 million extension, according to league sources
— Marc Stein (@ESPNSteinLine) October 26, 2016
Schroder was in line to become a free agent at year’s end, and would’ve been one of the premier guards available on the open market. Schroder staying in Atlanta means that the Hawks have the young guard locked up long term and are investing in him as their point guard of the future; however, looking at the way contracts are being thrown around, this is a great move for Atlanta. With Mike Conley getting over $30 million a year, and Russell Westbrook getting just under $30 million a year, Schroeder’s deal is a bargain. This deal solidifies the notion that he’s the future of the franchise.
The Hawks gave Schroder the keys to the offense when they traded away long time point guard Jeff Teague to the Indiana Pacers. With Teague gone, Schroder, becomes the starting point guard.
COLOGNE, GERMANY – AUGUST 30: Dennis Schroeder of Germany smiles during the Men’s Basketball friendly match between Germany and France at Lanxess Arena on August 30, 2015 in Cologne, Germany. (Photo by Lars Baron/Bongarts/Getty Images)