Williams agreed Thursday to a one-year, $5 million contract to stay with the Hawks, Shams Charania of The Athletic reports.

EDGE Analysis

The three-time Sixth Man of the Year will sign a contract with Atlanta after being dealt there last season. After joining the Hawks, the veteran guard averaged 10.0 points, 3.4 assists and 2.1 rebounds in 21.0 minutes. He could be in for a similar role next season, though Atlanta isn't short on guard depth, so it's possible he sees a reduction in minutes in his age 35 season.