Posted on 12 July 2012.
The Hawks and free-agent guard Lou Williams have agreed to a multiyear contract, according to a person with knowledge of the agreement.
Terms of the deal were not immediately known but the Hawks likely will sign Williams by using part of their mid-level salary-cap exception. The person with knowledge of the deal said the contract would allow the Hawks to maintain the salary-cap flexibility they gained by recently agreeing to trade Joe Johnson and Marvin Williams.
Williams opted out of the final year of his contract with Philadelphia, which was to pay him $ 5.4 million in 2012-13.
The deal can’t become official until the NBA’s moratorium on most transactions ends Wednesday.
Williams, 25, is a former star at South Gwinnett High school, where he was a two-time Mr. Basketball winner and a McDonald’s All-American. After committing to Georgia, he decided to declare for the 2005 draft and was selected by Philadelphia in the second round. He played in 455 games with Philadelphia,
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