Keaton Wallace has signed his two-way qualifying offer with the Hawks, reports Lauren Williams for the Atlanta Journal-Constitution (via Twitter).
Wallace had been extended a two-way qualifying offer earlier in the summer, which is equivalent to a one-year, two-way deal with $85,300 in guaranteed money.
Wallace, the older brother of the Thunder’s Cason Wallace, played 31 games for Atlanta last season and averaged 5.4 points and 2.6 assists in 16.2 minutes per night. In the five games he started, he averaged 13.8 points, 8.4 assists, 4.8 rebounds, and 2.2 steals, though he shot 29.4% from three in those games and 32.9% from three for the season.
The Hawks have had a productive offseason, bringing in a multitude of contributors, including Kristaps Porzingis, Nickeil Alexander-Walker, Luke Kennard, and rookie Asa Newell, but while the team has become very deep on the wing, Wallace provides some needed depth at the point guard spot behind Trae Young and Kobe Bufkin.