It’s still not (unofficially) official yet but Joe Johnson and the Hawks remain on track to reach agreement on a six-year, maximum contract for the free agent.
The Hawks and J.J. have been working out the details of the contract since a second meeting on Thursday. Some reports suggested Johnson was waiting to see what happens with other free agents before accepting the deal, but the Hawks have been confident a deal would be reached.
Adrian Wojnarowski of Yahoo Sports! tweeted early Sunday that “the Bulls and Knicks have long since moved on” from trying to recruit J.J.
The contract is expected to be worth roughly $120 million, with the exact value to be determined after the league completes its audit later this week. The Hawks and Johnson can agree to terms now but a contract can’t be signed until July 8.
Once the contract is signed, the Hawks would about $63 million in salaries committed to 10 players for 2010-11. That includes J.J.’s projected salary of roughly $15.8 million and Jordan Crawford’s rookie-scale salary of about $1 million . The total doesn’t include the $4.8 million qualifying offer for restricted free agent Josh Childress.