According to Marc Stein, the Bucks have prepared an offer sheet and will most likely submit it to both the Hawks and Teague’s agent in the very near future.
Today looms as big day on Jeff Teague front. Strong word Bucks readying offer sheet for Teague. Hawks get 3 days to match IF sheet signed
The Bucks are reportedly more than open to sending either of Brandon Jennings or Monta Ellis to Atlanta in exchange for Teague, but that of course would require one of the said players to agree as well as the Hawks.
Meanwhile, the Hawks have reportedly balked at offering Ellis or Jennings a large deal, despite showing interest in both.
If a trade is to happen, it would most likely require either Ellis or Jennings to drop their salary demands.