The Atlanta Hawks are finalising a four-year, $120 million maximum extension with veteran guard Dejounte Murray.

Murray, who was entering the final year of his contract, gets an extension that will run through the 2027-28 season.

The move comes less than two weeks after the Hawks agreed to a trade that sent John Colins to the Utah Jazz, clearing a significant amount of cap space.

In his first season with Atlanta, Murray averaged 20.5 points, 5.3 rebounds and 6.1 assists in 74 games. He shot 46.4% from the field and 34.4% from three-point range.

Murray was acquired from the San Antonio Spurs in June 2022 for forward Danilo Gallinari and three first-round picks.

Although Murray had a strong season, the Hawks fell short of expectations and finished seventh in the Eastern Conference with a 41-41 record.