The Atlanta Hawks and guard Dejounte Murray are working toward finalizing a four-year, $120 million extension, according to multiple reports on Thursday.

The extension will run through the 2027-28 season.

Murray could have elected to become a free agent following the 2023-24 season.

Murray, 26, averaged 20.5 points, 6.1 assists, 5.3 rebounds and 1.5 steals in 74 games (all starts) in his first season with the Hawks.

Murray spent his first five NBA seasons with the San Antonio Spurs before being traded to Atlanta in part for forward Danilo Gallinari and three first-round draft picks.

Overall, Murray has career averages of 14.0 points, 5.9 rebounds, 5.0 assists and 1.4 steals in 394 (games (323 starts).

The Hawks also signed second-round draft choice Seth Lundy and undrafted free agent Miles Norris to two-way contracts.

Lundy, a guard/forward, averaged 14.2 points and 6.3 rebounds for Penn State last season. Norris, a forward, averaged 14.1 points and 6.1 rebounds for UC Santa Barbara in 2022-23.

–Field Level Media