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Dennis Schroder, Hawks Reportedly Agree To $70 Million Extension

The Hawks have extended their point guard's contract.

Dennis Schroder and the Atlanta Hawks have reportedly agreed to a four-year extension, according to ESPN's Marc Stein and Zach Lowe.

The four-year extension is reportedly worth $70 million.

">@ZachLowe_NBA and I that Hawks guard Dennis Schroder has landed a four-year, $70 million extension today

— Marc Stein (@ESPNSteinLine) October 26, 2016

Schroder confirmed the news on Twitter, saying "GLAD TO BE HERE 4 MORE YEARS WITH THE atlhawks !!!! LOVE THE FANS , PPL , COACHES , ORGANIZATION & MY TEAMMATES !!! ATLANTA IS HOME !!!!"

The 23-year-old German native has been on the Hawks since 2013. Atlanta drafted the lengthy point guard with the No. 17 overall pick in the 2013 NBA Draft. He previously played in the Basketball Bundesliga in Germany.

With Jeff Teague now on the Indiana Pacers, Schroder is the man at point guard in Atlanta.

He averaged 11 points, 4.4 assists, 2.6 rebounds and 0.9 steals per game for the Hawks during the 2015-16 season. He averaged 20.3 minutes a contest, a number that is sure to elevate a lot this season.

Atlanta, which signed Dwight Howard this offseason, opens its 2016-17 campaign on Thursday against the Wizards. The game is set to tip off at 7:30 p.m. E.T.