4:28pm: James' deal will be non-guaranteed, tweets Michael Cunningham of the Atlanta Journal Constitution.
1:43pm: The Hawks have agreed to terms on a one-year contract with Damion James, according to Adrian Wojnarowski of Yahoo! Sports (via Twitter). We had heard in late August that James was close to making a decision on where to sign, and it appears he has chosen Atlanta.
The 24th overall pick in 2010, James only appeared in 32 games for the Nets in his first two seasons due to foot injuries. Based on his performance and health history to date, it seems likely he'd command no more than a non-guaranteed, minimum-salary deal.
When James and the Hawks finalize their agreement, the 6'7" wing will become the 15th player under contract for the club. If Atlanta eventually agrees to terms with restricted free agent Ivan Johnson, James could find himself battling for the team's final roster spot with training camp invitee James Anderson.