Teague Signs Offer Sheet, Jennings' Summer Takes Shape

The dream summer scenario of the Milwaukee Bucks tanking for Andrew Wiggins is getting dimmer by the day, but the next best thing might be on the horizon.

Atlanta Hawks point guard Jeff Teague signed a 4-year, $32 million offer sheet with the Bucks on Wednesday according to Adrian Wojnarowski of Y!

Fans have heard reports from beat reporters, both national and local, indicating that the Bucks plan to match“any offer” for restricted free agent Brandon Jennings. But with new head coach Larry Drew aboard, it seems that they Bucks have other plans at point guard. Teague played under Drew during Drew’s time at the helm in Atlanta.

A four-year, $32 million deal seems to be more than a fair price for Teague. Fans would be doing cartwheels if he was an unrestricted free agent. But he’s not.

The Hawks, as mentioned before, have three days to match the offer from the Bucks. A team that signed 32-year old Kyle Korver to a 4-year $24 million deal earlier this month should see the value in a 25-year old Jeff Teague for just $3 million over the Mid-Level Exception.

If the Hawks do choose to match the Bucks’ offer, fans will turn their attention to Brandon Jennings. As Gery Woelfel of the Racine Journal Times reported, Jennings is looking for an offer in the ballpark of $12 million a year. With the market drying up quickly, it’s hard to see where Jennings might land. Dallas, who was mentioned prior to the NBA Draft as a possible suitor for him, now has Jose Calderon, Devin Harris and Shane Larkin at point guard.

Orlando is about the only team in the league that truly needs a point guard, but they don’t seem to be looking to spend a dime in free agency. The Magic are determined to lose as many games as possible—even if that means trotting out Victor Oladipo at point guard.

With Teague signing an offer sheet for 4/32, it seems highly unlikely that Jennings will get anywhere near his wish of $12 million annually. In fact, if Atlanta doesn’t match Teague’s offer sheet, the best option for Jennings to sign long-term could be with the Hawks. The Hawks just drafted 19-year-old German point guard Dennis Schroeder, so they’ll have some leverage.

As Jeff Teague found out, it’s a bad market for point guards. Teague’s value should be about $10 million, maybe even a tad higher, but the market says otherwise. If Teague is worth $8 million, one would have to think that Jennings will be hard-pressed to find an offer worth more than that. For now, the pen is in Hawks General Manager Danny Ferry’s hand. Will he match the offer or let Teague walk? Bucks fans, Brandon Jennings and Jeff Teague will have to wait and see.

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Tags: Atlanta Hawks Brandon Jennings Jeff Teague Milwaukee Bucks Zach Hicks

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