The Atlanta Hawks kept 6-2 point guard Jeff Teague in its lineup by matching the four-year, $32 million offer sheet from the Milwaukee Bucks.
Teague had expressed to Hawks general manager Danny Ferry of his desire to continue his career elsewhere and signed the Bucks offer sheet Wednesday. He also begged the Hawks to pass on matching the offer.
The fifth year guard would have been reunited with former Hawks coach Larry Drew at Milwaukee in a newly-revamped backcourt that includes O.J. Mayo and Luke Ridenour.
Instead he will join the returning Lou Williams, Kyle Korver, newly-signed Paul Millsap, and Al Horford in the Hawks starting lineup.
The Hawks had gained the right to match such an offer after making Teague a qualifying offer prior to the start of the NBA's free-agency period.
Bucks ink O.J. Mayo to 3-year, $24M pact
O.J. Mayo officially became a Milwaukee Buck upon signing a three-year, $24 million deal previously agreed upon.
The 25-year-old Mayo will join Luke Ridenour in a revamped backcourt with the departure of Monta Ellis and J.J Redick and the anticipated transfer of Brandon Jennings.
He started all 82 games for the Dallas Mavericks last season and averaged 15.3 points, 3.5 rebounds and 4.4 assists and a career-best 40.7% from three-point range while playing 35.5 minutes per game.
The 6-4 guard scored a career-high tying 40 points in a Maverick victory at Houston last December.
Mayo was drafted third overall in 2008 by the Timberwolves but traded on draft night for Kevin Love to the Memphis Grizzlies, where he played his first four seasons.
The former Southern Cal player has appeared in 383 NBA games in five seasons, the fifth-most in the league since the start of the 2008-09 season, and has averaged 15.2 points, 3.4 rebounds, 3.1 assists and 1.1 steals.