Veteran guard CJ McCollum has agreed to a one-year, $21MM contract extension with the Hawks, reports Shams Charania of ESPN (via Twitter).

McCollum’s extension, which will cover the 2026/27 season, features a trade kicker, agent Sam Goldfeder tells Charania.

Grant Afseth of Dallas Hoops Journal reported shortly after McCollum was traded to Atlanta in January that the two sides were interested in working out an extension worth around $20MM for one year.

McCollum, who will turn 35 years old before next season begins, opened last season with the Wizards. Washington traded McCollum and Corey Kispert to Atlanta to acquire four-time All-Star point guard Trae Young, who recently opted out of his $49MM player option to become an unrestricted free agent. Young is expected to re-sign with the Wizards.

More to come…