Atlanta Hawks: Hawks, Horford agree to 5-year, $60 million contract extension

The Hawks and Al Horford have agreed to a 5-year, $60 million contract extension.

Atlanta’s All-Star center and his agent, Arn Tellem, met with the team this afternoon finalize the deal, which also is expected to include performance incentives. The sides had until the end of business today to reach an agreement or Horford would have become a restricted free agent next summer.

“It happened like I’ve been predicting–down to the wire,” Horford said today after practice. “When we finally kind of agreed on everything, I was super excited.”

Horford’s deal is similar to the contract extension signed by Bulls center Joakim Noah, whom he teamed with to win two NCAA championships at the University of Florida. The Hawks selected Horford with the No. 3 overall pick in the 2007 draft while Noah was picked No. 9 by Chicago.

The Hawks and Tellem opened negotiations at the start of training camp but there was little movement in talks as recently as two weeks ago. With the deadline approaching, the two sides met this weekend and worked out a deal.

“From the moment he arrived in Atlanta, Al has been a large part of our success,” Hawks GM Rick Sund said in a statement released by the team. “The winning tradition he brought to the franchise as a rookie out of Florida has extended to three consecutive playoff seasons in a Hawks uniform. In addition, he was deservedly recognized as an All-Star last year, and we certainly look forward to his continued development as we move forward.”

Horford was eligible for an extension for as many as five years and as much as $82 million under the terms of the current collective bargaining agreement, which expires in June. The final terms of the extension could possibly be altered when the league and players agree to a new CBA but Horford would have a contract that must be honored.

Horford has said all along he hoped to sign an extension because he likes Atlanta and his teammates and believes the team is headed in the right direction.

“It’s great to be able to get it done and have peace of mind,” Horford said. “It makes me able to come out and just focus on basketball, which is my priority to begin with. So I’m happy about that part.”

Horford’s deal comes after the Hawks signed guard Joe Johnson to a six-year, $123.7 million over the summer.

Guard Jamal Crawford has asked the team for a contract extension or, in lieu of a satisfactory agreement, a trade. The Hawks now have to be concerned how Crawford will perceive Johnson and Horford’s new deals when he also is considered part of the franchise’s “core” and the team’s philosophy has been to keep the group intact.

MC

168 comments Add your comment

BrittishAnger

November 1st, 2010
1:51 pm

MsDee

November 1st, 2010
1:54 pm

Congrad’s Al, u so deserve it!!!

nique

November 1st, 2010
1:58 pm

Great that both sides came together to get this done so quickly and without fuss! You can tell that Horford is a high caliber guy.

JerryWest

November 1st, 2010
1:58 pm

Cheers!

Any crumbs left for JC1?

jdewayneatl

November 1st, 2010
2:05 pm

Congrats Al and big ups to GM Sund and ATL spirit for doing the right thing and at the same time getting another reasonable contract situation!!!!!!

lewis

November 1st, 2010
2:05 pm

go al! go hawks! reasonable deal even!

Sara

November 1st, 2010
2:07 pm

clay

November 1st, 2010
2:10 pm

the thing i like about this is that the gm and the front office realize what they have and dont wanna loose it. You gotta love it. Lets re-up crawford NOW. That needs to be your next priority sund.

Ramon

November 1st, 2010
2:10 pm

Wow! That is a good deal for the Hawks. I’m so glad they didn’t overpay. And I’m glad Horford and Tellem didn’t insist on near max deal.

MannyT

November 1st, 2010
2:10 pm

Good 4 Al. Does this mean that he’s buying the popcorn that is likely to end up in JC2’s ride at some point this season :-)

MannyT

November 1st, 2010
2:15 pm

I don’t think Crawford gets a deal from Hawks until the summer. I suspect they will wait and see what the new collective bargaining deal looks like. If there are drastic cuts that must be made, the easiest thing to do is not do a new contract. If things look similar to the past, I think his offer might start around MLE level with raises as only teams with cap space would be able to beat it. Right now I’d think that Crawford has no reason to sign a deal that has a significant pay cut.

The business of sports is very different from the playing of sports.

Doug

November 1st, 2010
2:16 pm

Where are all the posters that continually whine about how cheap the Hawks are?? Like it or not they signed JJ to a max extension…JS and MW to reasonable extensions and now Al to a tremendously fair but generous deal. So…question their judgement but please don’t whine about how they are cheap

Ramon

November 1st, 2010
2:22 pm

Very funny link guys. Hawks Halloween party.

http://plixi.com/p/54265214

Ramon

November 1st, 2010
2:24 pm

Lol, anyone who knows about Lil Wayne’s addiction, check out Smoove’s cup. lol..

truthspitter

November 1st, 2010
2:26 pm

He got lowballed, but that makes me gain even more respect for Al. Since Sund is so good at lowballing his on players like Smoove and Al let’s see him lowball a team and get rid of Marvin Williams.

http://games.espn.go.com/nba/tradeMachine?tradeId=22vkfkb

Marvin Williams and Zaza for Hedo Turkoglu and Robin Lopez maybe add a 2nd round or 1st round pick if push comes to shove.

Why Phoenix does this because they save over $4 million over life of deal and they pick up a 1st rd or 2nd rd pick. Plus Hedo is more overpaid than Marvin for what he is currently giving.

Why Atlanta does this because Hedo is no worse than Marvin and Lopez is a legit 7 ft starting level C for years to come his upside and potential with this team is greater than Zaza’s. We pay $4 million more over the life of contract and potentially give up a pick but I think it is worth it considering the Hawks seem incompetent when it comes to drafting there own big man.

Lastly, before guys say oh Phoenix wouldn’t do that you have to look at the fact that Phoenix gains financially and picks wise. Add that Phoenix is probably not even a playoff team this year and this has a chance

MsDee

November 1st, 2010
2:26 pm

It makes sense to me what Sund is doing, He is making these guys work for their money and that’s nothing wrong with that. AL had back-to-back double/doubles. Yeah, I know Bibby and Marvin should have been in the same boat but I guess Sund and ASG didnt want to make the same mistake so they thought better with AL and hopefully JC1 cause Jamal is very much needed on this team!!

dukester

November 1st, 2010
2:28 pm

Congrats Al Horford. One thing I can say about ole ASG they are serious about their “core” lol. I mean other than Marvin they have it right. I mean we are a top 8 team in the NBA in my belief but we all feel we need one move to get us over the top.

northcyde

November 1st, 2010
2:28 pm

5/60 is a good deal by the Hawks for Al. It wouldn’t surprise me to see a player option in that deal going into year 4, just in case Al blossoms into a very good player, and wants a new deal.

If they want to give Jamal a last minute offer, toss a 3 yr – 15 mill deal, with a team option going into year 3.

Congrats Al.

MsDee

November 1st, 2010
2:33 pm

Too funny at the Halloween party, but where was Joe and Bibby??? How come those guys act like they are TOO GOOD for a Halloween party???

truthspitter

November 1st, 2010
2:34 pm

northcyde

November 1st, 2010
2:28 pm

5/60 is a good deal by the Hawks for Al. It wouldn’t surprise me to see a player option in that deal going into year 4, just in case Al blossoms into a very good player, and wants a new deal.

If they want to give Jamal a last minute offer, toss a 3 yr – 15 mill deal, with a team option going into year 3.

Congrats Al.

Seriously, Al is already a very good player who has made an all-star appearance and could make another this year. Brook Lopez has no business being an All-Star with that losing team and Noah vs Horford may come down to winning also. So, you telling me a guy that could make his second straight all-star appearance is not already a very good player. Seriously, I think you are a good blogger Northcyde but I don’t get your comment on this. Al got lowballed just like Smoove did

O'Brien

November 1st, 2010
2:35 pm

5 years, $60 mil is a good deal for the Hawks. I am glad Al decided to stick around at that price.

As for Jamal, I dont blame Rick if he doesnt offer him an extension. We have Jordan Crawford on board, and we dont want to overpay for a SG to backup our $124 mil SG, so I can see Sund waiting till the new CBA to see what Jamal’s value is.

northcyde,

If we resign Jamal, what do you think we should do with Jordan?

ant banks

November 1st, 2010
2:40 pm

TRUTHSPITTER,

are you arn tellem? how are hawks LOW BALLIN’ horfy?

John Brown

November 1st, 2010
2:40 pm

Well done. A HUGE bargain, regardless of the configuration of the new CBA. Well done Hawks, Sund, and Spirit. Keep surprising everyone. I love it.

big sam

November 1st, 2010
2:44 pm

Enter your comments here

big sam

November 1st, 2010
2:44 pm

where is pape sy

Doug

November 1st, 2010
2:46 pm

Lowballin?? So Arn Tellem is advising his client to accept a “lowball” offer? An offer that is given and then freely accepted is called “fair”…this offer was right in the ballpark with the noah deal…so great job Sund and glad to have AH on board at a “fair” market price for 5 more years

MannyT

November 1st, 2010
2:47 pm

@Truthspitter – interesting trade. I think it might have been more interesting to Phoenix if they still had Admunson. The next Lopez contract is probably cheaper than the ones they are getting. Also, Hedo plays the 4 in Phoenix. Not sure how well Marvin holds up as a full time 4.

On Hawks end, Marvin is ok with manning up on defense. He’s not the best, but he’s the best we have. Hedo isn’t really a D 1st guy. He is a point forward on offense. If Marvin goes, you have to get someone to guard the LeBron-Wheelchair (Pierce) Vortex if you plan to do anything in the playoffs.

Also, I haven’t checked how close the Hawks are to luxury tax, but they are close enough to breathe on the lux tax window and see it get foggy :-) That deal might cost the club another 4 mil (small lux tax paymnet and loss of check from league for being under lux tax.)

dstdeelite

November 1st, 2010
2:55 pm

I’m cool with that. Go Hawks!!

Jon Koncak

November 1st, 2010
2:57 pm

This is an outstanding deal! Al is a class act and represents ATL on and off the floor. Great job Sund, this shows long term commitment!

truthspitter

November 1st, 2010
2:57 pm

MannyT

November 1st, 2010
2:47 pm

@Truthspitter – interesting trade. I think it might have been more interesting to Phoenix if they still had Admunson. The next Lopez contract is probably cheaper than the ones they are getting. Also, Hedo plays the 4 in Phoenix. Not sure how well Marvin holds up as a full time 4.

On Hawks end, Marvin is ok with manning up on defense. He’s not the best, but he’s the best we have. Hedo isn’t really a D 1st guy. He is a point forward on offense. If Marvin goes, you have to get someone to guard the LeBron-Wheelchair (Pierce) Vortex if you plan to do anything in the playoffs.

Also, I haven’t checked how close the Hawks are to luxury tax, but they are close enough to breathe on the lux tax window and see it get foggy :-) That deal might cost the club another 4 mil (small lux tax paymnet and loss of check from league for being under lux tax.)

I checked all that before I posted it and we would still be under luxury. I am willing to bet if you threw in a 1st rd pick in the 2011-12 draft they would do the deal. Hedo played SF in Orlando alongside Rashard Lewis and people are overrating Marvin defensively which was shown Saturday when Thorton took another dump on Marvin which he has done on several occasions. Hedo atleast does something well consistently and that is spread the floor which is essential on offense. Either way Lopez and Hedo for Marvin and Zaza is a trade I would do anyday of the year

tbhawksfan

November 1st, 2010
2:58 pm

Great for Hawks. Great to see Horf accept the same deal as Noah, even though he’s a much better player. Now, keep the win streak going.

Mel

November 1st, 2010
3:00 pm

wow. kudos to sund.. i thought al was worth 80 but thats why he’s gm and im not lol

ATL FAN

November 1st, 2010
3:00 pm

YES YES YES!!!!!!!! Noah was signed for the same deal, and Al is much much much better!! He loves the city of Atlanta and I love to watch him play!! LETS GO HAWKS!!!

Freshfromatl

November 1st, 2010
3:01 pm

Good Job Hawks…Now go out and smack Cleveland tomorrow!!

Jon Koncak

November 1st, 2010
3:03 pm

Truthspitter

I think you are on to something here! I have pretty much given up on Marvin and the so-called potential. With the offense we are running now, I think Hedo would fit in nicely. GO HAWKS!!!

ATL FAN

November 1st, 2010
3:03 pm

Truthspitter,

No way the trade goes down. The Suns lose their starting center, and without Amare in there they lose another big man. Plus, Zaza is not a starter and there’s no way they will trade for him this early in the season. Maybe more near the trade deadline if Phoenix seems to be out of playoff contention.

Melvin

November 1st, 2010
3:04 pm

Sounds like a good deal for both parties…

Will

November 1st, 2010
3:04 pm

Has anyone noticed that the Hawks are 3-0 on the year. It would seem as if the team is once again going to be a legit playoff team but the question is how good will they truly be? Perhaps as the year progresses and the players play more together in the new scheme of things that we just might be surprised at the level of play.

truthspitter

November 1st, 2010
3:04 pm

ant banks

November 1st, 2010
2:40 pm

TRUTHSPITTER,

are you arn tellem? how are hawks LOW BALLIN’ horfy?

That’s a lowball deal dude. Horford is a big man and he gets less than Danny Granger or Tony Parker. I understand Parker has rings to prove it but Granger has been hurt several times and has not seen the playoffs. I’m sorry for being truthful but that is a little low but I gain respect for Al in accepting the deal and staying with us for another 4 or 5 years. Al will be a 4 or 5 x’s All-star before that deal is up, that’s called lowballed, but much respect to Al for not trying to drain the team. My problem is that after lowballing Al and Smoove the guy overpays Marvin and really does not make any moves to better the team. If your players are gonna allow you to lowball them the least you can do is make some moves and build the best team possible.

Section 303

November 1st, 2010
3:04 pm

Nice! Congrats to Al. He deserves every penny. Great player, even better person. Good news!

Michael, it’s not too late to re-sign Jamal Crawford, is it? I would like to see the team do that.

Will

November 1st, 2010
3:07 pm

I suspect that as the trade deadline nears that Sund will once again make a trade. I suspect that the trade will involve no other than Jamal Crawford who so many think is non-expendable to the Hawks. I believe he will be gone by the trade deadline as the Hawks try to fix whatever hole they might have before the playoffs.

SWAT Native

November 1st, 2010
3:07 pm

Why is this a “lowball” contract? I think it’s more of a “hometown discount”.

Sautee

November 1st, 2010
3:08 pm

Congratulations to Horford. And to the Hawks for not overpaying.

I said last week that he was much closer to Noah than to Durant.

truthspitter, do you think Phoenix needs money SO BADLY that they would give up on a 7′ center?

I like the idea, but I can’t see them doing it. Who, pray tell, would play center for them? Siler? Frye? Marvin?

See what I mean?

Will

November 1st, 2010
3:08 pm

I don’t think we will see many big trades before the deadline either.

lewis

November 1st, 2010
3:08 pm

Noah’s a better defensive center tho Al’s a PF…

[...] Contract Extensions Elude Much of 2007 N.B.A. Draft Class By JOANNE C. GERSTNER 3:12 p.m. | Updated The Hawks and Al Horford agreed on a five-year, $60 million contract extension before Mondays’ deadline, the Atlanta Journal-Constitution reports. [...]

Joe C.

November 1st, 2010
3:16 pm

Big steal. This soooort of makes up for the horrid JJ contract.

Rufus1

November 1st, 2010
3:25 pm

Perspective

The Bulls Front Line average salaries(Boozer 15mil)(Noah 12mil)….Wait for it(Deng 12.8mil)

The Hawks front line average salaries(Al 12mil)(Josh 12mil) and (Marvin 7.5mil)

Which would you prefer?

Astro Joe

November 1st, 2010
3:26 pm

Good deal for Al. Great deal for the Hawks. Fantastic signing for fans.

Jamal gets a post-new CBA negotiation.

truthspitter

November 1st, 2010
3:26 pm

We can now offer Jamal 5 year 30 to $40 million and still be under luxury if the deal for Al is one of those 10/11/12/13/14 deals. We are like $8.4 mill under next year. Though paying him 5 or 6 million next year and needing 4 more players to fill out team would mean you would need basically 4 Pap Sy’s to stay under luxury. Gonna be hard to keep Jamal and stay under luxury. Best thing is to hope that they go with a hard cap of $75 million