According to someone familiar with the matter, negotiations were able to begin on Tuesday at midnight. However, an agreement was reached for a five year extension.
If Young is selected for the All-NBA team next year, the deal will be worth $207 million. It will cost around $170 million if Young does not make the All-NBA team next season. Young will be the main cog to the Hawks' goal of being contenders in the Eastern Conference for many years. ESPN first reported the news. As the NBA free agency continues, deals cannot be officially announced before Friday at 12:01 p.m.
This isn't a surprising move and negotiations weren't expected to be lengthy, as Young is the face of the franchise and led the Hawks on a sensational playoff run last season, which included demolishing the Knicks in the first round and knocking off the No. The 1-seed 76ers won the second round. Young dispelled any doubts about his "winning" status in Year 3.
Young was supported by Nate McMillan and a stronger supporting cast. The Hawks went from 20-47 to win two Eastern Conference finals games. He averaged 25.3 points per game and 9.4 assists per game and dominated in the postseason, until a bone bruise in his right foot slowed him down.