Reports: Paul Millsap agrees to contract with Hawks, passes on Magic

Forward Paul Millsap has agreed to a three-year contract to stay with the Atlanta Hawks.

Forward Paul Millsap has agreed to a three-year, $58 million contract to stay with the Atlanta Hawks, according to multiple reports. Real GM's Shams Charania was first to report the news, followed by Tony Jones of The Salt Lake Tribune and others. 

ESPN's Chris Broussard reported earlier Wednesday that the Hawks and Orlando Magic had each offered Millsap a four-year, $80 million contract.

Millsap spent the last two years with the Hawks after playing his first seven NBA seasons with the Utah Jazz. He averaged 16.7 points, 7.8 rebounds and 3.1 assists in 33 minutes per game last season for Atlanta, helping lead the team to a franchise-record 60 wins and the top seed in the Eastern Conference.

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Millsap made $9.5 million in the last season of a two-year, $19 million contract he signed in 2013. He will reportedly make nearly double that next season.

Paul Millsap salary breakdown:
2015-16: $18.8 million
2016-17: $19.646 million
2017-18: $20.492 million (player option)

— Chris Vivlamore (@CVivlamoreAJC) July 1, 2015

The New York Knicks, Indiana Pacers and Dallas Mavericks were also said to be interested in Millsap, but he reportedly declined invitations to meet with them. 

- Dan Gartland