Korver agrees to multiyear deal with Hawks (updated)

The Hawks landed their first free agent Wednesday night — and it was one of their own.

Kyle Korver reached an agreement to re-sign with the Hawks on a multiyear deal, according to a person familiar with the situation. Per NBA rules, the contract cannot be signed until July 10.

The sharp-shooting Korver was a hot commodity during free agency and sought by several teams. The Hawks met with Korver this week in California, where he makes his offseason home, while in Los Angeles to speak to free-agent center Dwight Howard.

Even with Korver’s contract, the Hawks still have enough room to sign Howard to a maximum deal.

Korver, a 6-foot-7 guard/forward, played in 74 regular-season games for the Hawks last season after being acquired in an offseason trade with the Bulls. The 3-point specialist averaged 10.9 points, 4.0 rebounds and 2.0 assists in 30.5 minutes per game last season.

Korver ranked second in the NBA last season in 3-point field-goal percentage at .457. His 189 3-point makes were fourth in the league and his 414 attempts tied for 15th. He can continue his streak of 73 consecutive regular-season games with a 3-pointer, the longest active streak and fourth longest in league history, in a Hawks uniform. His run trails only Dana Barros (89), Michael Adams (79) and Dennis Scott (78).

Korver fits the mold of players the Hawks are trying to assemble as they rebuild their roster. He drew praise from general manager Danny Ferry and former coach Larry Drew last season for his professionalism, character and competitiveness. Korver said he was told during his exit interview that the team wanted him back.

“Both me and my wife are really excited,” Korver told the Atlanta Journal-Constitution. “We had a great experience with the city and the organization and feel very fortunate to be wanted back. I believe in what Danny is building. I do. And I’m excited to play my role in that.”

Korver ranked fourth on the Hawks in points scored with 810. He had a streak of 13 consecutive 10-plus point games from Jan. 16 to Feb. 11, the longest of his 10-year career.