POSTED: Jul 1, 2015 7:46 PM ET
UPDATED: Jul 1, 2015 8:40 PM ET
ATLANTA — Paul Millsap became an All-Star in his first two years with Atlanta and helped lead the Hawks to their first Eastern Conference finals.
He's back for at least two more years on a new contract which doubles his annual pay.
The Hawks have reached an agreement to re-sign Millsap, a person with knowledge of the deal told The Associated Press on Wednesday. The person requested anonymity because the deal can't be finalized until July 9.
The person said the agreement is a two-year deal with a player option for a third year that makes the contract worth $58.9 million.
Millsap said on his Twitter feed he is "Blessed and excited to be back."
Added Millsap: "Great things ahead. Thank you all for your support."
Millsap, who came to Atlanta from Utah on a two-year, $19 million deal, will make $38 million in the first two years of his new contract.
Re-signing Millsap, an All-Star in each of his two years with the Hawks, was an offseason priority that gained added importance after another key starter, small forward DeMarre Carroll, agreed to a four-year, $60 million deal with Toronto. Backup forward-center Pero Antic decided to return to the Euroleague, taking another piece from Atlanta's front-line rotation.
The Hawks added size to their frontcourt by agreeing to acquire San Antonio Spurs center Tiago Splitter on Wednesday. The 6-foot-11, 245-pound Splitter averaged 8.2 points and 4.8 rebounds this season. He started in 35 of his 52 games.
Splitter has two years remaining on his contract and will earn $8.5 million in the 2015-16 season and $8.3 million in 2016-17.
Millsap averaged 16.7 points and 7.8 rebounds as the Hawks posted the best record in the Eastern Conference before losing to Cleveland in the conference finals.
Millsap also had strong interest from Orlando, according to reports.
The Hawks, who acquired shooting guard Tim Hardaway Jr. from the Knicks during the NBA draft, may still look to add another wing player. Another small forward, Thabo Sefolosha, will be returning from a fractured fibula and ligament damage in his right leg.
Coach Mike Budenholzer could play with a big lineup that includes center Al Horford, Splitter and Millsap at small forward, but it seems more likely Millsap will spend most of his playing time at power forward.