Sources: Dennis Schroder, Hawks Agree to Extension

Dennis Schroder and the Atlanta Hawks have come to terms on a four-year contract extension. The deal is worth $70 million, ESPN.com has learned.

Sources say $62 million of Schroder’s new deal is guaranteed — at a flat annual rate of $15.5 million — with the remaining $8 million achievable through incentives. Schroder becomes the third member of the NBA’s 2013 draft class to land an extension before Monday’s annual Halloween deadline for deals, joining Portland’s C.J. McCollum and Milwaukee’s Giannis Antetokounmpo.

Source: Marc Stein and Zach Lowe of ESPN