The Atlanta Journal-Constitution reported Saturday afternoon that the Atlanta Hawks matched the offer sheet the Milwaukee Bucks extended to point guard Jeff Teague.
The team matched the four-year, $32 million offer sheet from the Bucks on Saturday. The point guard, disillusioned with the progress of negotiations, signed the offer sheet on Wednesday.
The window is now closed on Jeff Teague. According to the CBA FAQ, the Bucks cannot trade for Teague for a year and cannot trade him at all without his consent for a year. Simply put: he will not be on the Milwaukee Bucks next season.
This leaves the Bucks in a bit of a precarious position. After little progress in negotiations before last season, Milwaukee allowed Brandon Jennings to enter the market as a restricted free agent this summer. Milwaukee was reportedly very interested in Teague from the outset of free agency after hiring Larry Drew, Teague’s coach in Atlanta last season, as head coach.
Now the Bucks are left with the recently re-acquired Luke Ridnour and the little used Ish Smith as point guards on the active roster. They will now have to decide how to proceed with Jennings. He indicated in March that if it came to accepting the qualifying offer from the Bucks he would look to move on from Milwaukee in free agency at the end of the season.
Jennings’ qualifying offer is for $4.5 million. Recent reports have Jennings was looking for $12 million annually and the Bucks balking at that sort of financial commitment. Yahoo! reported in that same March story that he turned down a four year, $40 million deal in October.