Agent: Bibby, Hawks have deal

Updated: July 7, 2009, 7:39 PM ET
ESPN.com news services

ATLANTA -- The Atlanta Hawks have reached an agreement to re-sign Mike Bibby to a three-year deal.

Bibby's agent, David Falk, said Tuesday he has reached an "oral understanding" that will allow the Hawks to retain the point guard who has led the team to two straight playoff appearances.

"We've reached an agreement in principle that hopefully will be announced very soon," Falk said.

Bibby was an unrestricted free agent. Wednesday is the first day NBA free agents are allowed ...

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