Bogdan Bogdanovic has signed a four-year, $72 million offer sheet with the Atlanta Hawks, sources told Marc Stein of The New York Times.
The deal includes a player option for the fourth year and a 15% trade kicker.
If he re-signs with the Kings, Bogdanovic will have a no-trade clause through the first season and cannot be traded to the Hawks.
The max trade kicker in the contract is structured so that the team that trades him is responsible for paying it.
The Kings have 48 hours to match.