Not bad at three years for $18 million although I definitely think he's on the decline.

ATLANTA -- The Atlanta Hawks have reached an agreement to re-sign Mike Bibby to a three-year deal.

 

Bibby's agent, David Falk, said Tuesday he has reached an "oral understanding" that will allow the Hawks to retain the point guard who has led the team to two straight playoff appearances.

 

"We've reached an agreement in principle that hopefully will be announced very soon," Falk said.

 

Bibby was an unrestricted free agent. Wednesday is the first day NBA free agents are allowed to sign contracts.

 

Hawks general manager Rick Sund said Tuesday he could not comment on the status of the talks with Bibby.

 

The Atlanta Journal-Consitution first reported Tuesday that Bibby and the Hawks had a three-year agreement for about $18 million, according to sources.

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http://sports.espn.go.com/nba/news/story?id=4310653