The Atlanta Hawks and swingman Bogdan Bogdanovic have agreed to a four-year, $68million contract extension.

ESPN's Adrian Wojnarowski reported on Thursday that Bogdanovic declined his $18m player option for next season and replaced it with the long-term deal that pays him through the 2026-27 season.

Playing primarily as a sixth man, Bogdanovic is averaging 14.1 points, 3.2 rebounds and 2.9 assists in 43 games this season while shooting 40.1 per cent from three-point range.

Bogdanovic missed the first 22 games of this season while recovering from a right knee injury but has since resumed his role as the top scoring option off the bench for the 34-35 Hawks.

The 30-year-old Serbia native played his first three NBA seasons with the Sacramento Kings before joining the Hawks as a restricted free agent in 2020.

Over 359 career NBA games (156 starts), Bogdanovic has scored 14.2 points per game while shooting 43.9 per cent from the field and 38.6 per cent from beyond the arc.