Atlanta Hawks restricted free-agent guard Jeff Teague has signed a four-year, $32 million offer sheet with the Milwaukee Bucks, league sources told Yahoo! Sports.
The Hawks have three days to match the offer sheet or Teague will rejoin his old Hawks coach, Larry Drew, in Milwaukee.
The Bucks' move to sign Teague could ultimately be the end of Brandon Jennings' career with the Bucks. Jennings is a restricted free agent who has found the market relatively uninterested in paying him as one of the NBA's elite guards.
Teague averaged 14.8 points and 7.2 assists for the Hawks last season. For the past two seasons, he's taken over Atlanta's starting point guard job and become one of the NBA's better young playmakers. Atlanta drafted him 19th overall out of Wake Forest in 2009.