Dennis Schroder and the Atlanta Hawks have agreed upon a four-year, $70 million contract extension. Schroder will receive $62 million in guaranteed money over the next four seasons.

The Hawks traded away Jeff Teague in the offseason in a move that signaled their commitment to Schroeder long-term at point guard.

Schroder averaged 11.0 points, 2.6 rebounds and 4.4 assists in 20.3 minutes per game last season with a PER of 15.5.

Schroder was the 17th overall pick in the 2013 NBA Draft out of Germany.