The Hawks and Paul Millsap are engaged in a serious dialogue about a deal, according to HoopsWorld's Alex Kennedy (Twitter link). The Jazz renounced their rights to Millsap earlier today, limiting Utah to re-signing him for no more than their $2.65MM room exception. Conversely, the Hawks have plenty of cap room to sign the power forward to a much larger deal.
There's been little chatter about Millsap in the free agency period, though the Celtics were reportedly interested in him at the trade deadline and again this spring, before they went into rebuilding. The DeAngelo Simmons client saw declines in his scoring and rebounding averages this past season, but at age 28, Millsap remains in the upper echelon of NBA power forwards, far outpacing expectations when he was a second-round pick in 2006. Millsap made $8.6MM in 2012/13, the last year of a four-year, $32MM pact.
The Hawks have an agreement with Kyle Korver on a four-year, $24MM deal, but they have only three other players from last season on fully guaranteed deals. They're reportedly linked to the Rockets in what could be a sign-and-trade deal involving Josh Smith and Omer Asik, and given their cap space, they could become even more active now that it's assured they won't be signing Dwight Howard.
I can only see this happening if the Hawks cant bring in a center – Horford would do better at PF. Asik should be our main target in a sign & trade.