Report: Paul Millsap opts out of Hawks contract

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Even after the Hawks’ season ended, Paul Millsap wouldn’t confirm he’d opt out of the final year of his contract.

But the All-Star finally made the inevitable official.

Shams Charania of Yahoo Sports:

Atlanta Hawks All-Star forward Paul Millsap has opted out of his $21.4 million contract for next season to become a free agent, league sources told The Vertical.

The 32-year-old Millsap would have earned $21,472,407 if he opted in. It’s a virtual certainty he’ll earn more than that next season – and gain long-term security in a multi-year contract.

He might even get a max starting salary, which projects to be worth more than $35 million. Over a five-year contract with Atlanta, his max projects to be worth $205 million ($41 million annually). If he leaves, his projected max is $152 million over four years ($38 million annually).

The Hawks don’t yet have a general manager, but Millsap will reportedly negotiate directly with owner Tony Ressler, who said they’d make “every effort imaginable” to re-sign Millsap.

With that commitment and certain interest from other teams, how could Millsap do anything but opt out?

This isn’t a tell about his future with Atlanta. It’s an obvious financial decision.