July 12: Krejci’s four-year deal is official, the Hawks announced in a press release.
July 10: The Hawks are re-signing Vit Krejci on a four-year, $10MM contract, agents Alex Saratsis and Phillip Parun tell Adrian Wojnarowski of ESPN (Twitter link).
Atlanta issued Krejci a qualifying offer last month, making him a restricted free agent. The 24-year-old, who hails from Czechia, was the 37th overall pick of the 2020 draft.
There was speculation late last season that Atlanta might promote Krejci from his two-way contract to a standard deal in order to make him eligible for the postseason. That did not occur, but Lauren L. Williams of The Atlanta Journal-Constitution reported at the time that the Hawks hoped to re-sign Krejci on a four-year deal, which is now about to come to fruition.
A 6’8″ combo guard, Krejci spent his first post-draft season rehabbing a torn ACL. He signed a multiyear contract with the Thunder prior to the 2021/22 season, playing 30 games for the club as a rookie.
Oklahoma City traded Krejci to Atlanta in a September 2022 move that was mostly about finances for the Hawks. He appeared in 29 games for Atlanta in ’22/23, averaging a modest 5.3 MPG.
The Hawks waived Krejci last August when he was on a non-guaranteed deal and the team was facing a roster crunch. He later signed an Exhibit 10 training camp deal with Minnesota, but was cut before the ’23/24 season began.
Krejci returned to the Hawks on a two-way contract in December. In part due to injuries, he became a rotation regular down the stretch last season, averaging 6.1 points, 2.4 rebounds and 2.3 assists on .490/.412/.833 shooting in 22 games, including 14 starts (24.6 minutes per contest).
Based on the reported terms, Krejci almost certainly received a minimum-salary contract. Since he has three years of NBA experience, Kreji’s four-year deal will technically pay him $10,185,213, though we’ll have to wait and see how much of it is guaranteed.