It is believed that Claxton will receive a four-year deal worth $25 million.
The Hawks targeted Claxton after a two-year, $13 million bid to wrest Sam Cassell from the Los Angeles Clippers fell short. Cassell, one of the biggest difference-makers during the Clippers' breakthrough season, opted late Saturday to stay in Los Angeles when the Clippers matched Atlanta's offer.
The Hornets have been the league's surprise spenders since free-agency season began Saturday at 12:01 a.m. ET, luring sharpshooter Peja Stojakovic from the Indiana Pacers with a five-year deal worth more than $60 million. But it quickly became clear that the Hornets were cutting ties with Claxton when the team reached a three-year agreement worth an estimated $17 million with Memphis guard Bobby Jackson. Stojakovic and Jackson both worked with Hornets coach Byron Scott when Scott served as an assistant in Sacramento.
Claxton logged key playoff minutes at point guard for San Antonio's 2003 championship team and emerged as a top Sixth Man Award candidate with the Hornets last season as Paul's backup. Yet, Scott frequently played Claxton and the eventual Rookie of the Year together in a small-but-quick backcourt alignment that helped the Hornets (38-44) make an unexpected playoff bid in their first season in Oklahoma City.
The move to Atlanta will likely make Claxton an unquestioned starter, enabling Joe Johnson -- the Hawks' marquee free-agent acquisition last summer -- to play at his natural shooting guard position.
"I may be the happiest guy in the bunch," said Johnson. "Having Speedy will definitely
free me up to score a lot more."
Claxton said the Hawks "are not far at all" from being a
"I think they've got better pieces than we did last year,"
Claxton said, comparing the Hawks and Hornets rosters. "We've got
some talented guys here. Hopefully, we can make a playoff push this
The Hawks took versatile forward Marvin Williams in the first
round last year and selected power forward Shelden Williams in the
first round this year as general manager Billy Knight waited to
sign a veteran point guard.
"I think everyone can see we're a young group of guys and we're
deep at the wing positions," Knight said Wednesday. "We feel we
need a veteran point guard to run our team."
The average age on the Hawks' team at the end of last season was
"No disrespect to the point guards who came out of the draft
this year, but I felt we needed a veteran point guard who can be an
extension of me and my staff," said coach Mike Woodson, who as an
assistant coach worked with Claxton in Philadelphia in the 2001-02
"The fans in Atlanta are going to be excited about his style of
play and how he pushes the ball," said Woodson of the 5-foot-11
Senior writer Marc Stein covers the NBA for ESPN.com. Information from The Associated Press was used in this report.