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Report: Bogdan Bogdanovic signs four-year, $72 million offer sheet with Hawks

We’re keeping an eye on the latest updates for the Kings restricted free agent SG heading into the free agency period.

Bogdan Bogdanovic of the Sacramento Kings handles the ball against the San Antonio Spurs during a game on July 31, 2020 at Visa Athletic Center at ESPN Wide World of Sports in Orlando, Florida.  Photo by David Dow/NBAE via Getty Images

Sacramento Kings SG Bogdan Bogdanovic has signed a four-year, $72 million offer sheet with the Atlanta Hawks, Marc Stein of The New York Times reported Sunday afternoon. The Bogdanovic saga has been very interesting the past two weeks. He initially appeared en route to Milwaukee via sign-and-trade until that report was refuted, as Bogdanovic didn’t agree to any type of deal. The NBA is reportedly investigating the incident. The Kings have 48 hours to match the offer sheet.

Bogdanovic, a restricted free agent, was reportedly always going to test the open market in search of an offer sheet. The Hawks have been on a spending spree and Bogdanovic could be the latest addition to the roster. The contract, per Stein, has a player option for the fourth year and a 15 percent trade kicker.

Let’s go over the Hawks free agency so far, shall we. First, Atlanta signed Danilo Gallinari to a three-year, $61.5 million deal. More 3-point shooting. Then the Hawks brought in veteran PG Rajon Rondo to back up Trae Young. Rondo is fresh off winning his second NBA championship. The Hawks also inked two-way guard Kris Dunn to a short-term deal that is very team-friendly at $10 million. Atlanta has solid depth throughout and is looking to go over the top by possibly stealing Bogdanovic away from the Kings.