Mike Bibby has agreed to re-sign with the Atlanta Hawks for a new 3-year deal.

“We’ve reached an agreement in principle that hopefully will be announced very soon,” Bibby’s agent David Falk said.

According to sources, the deal is supposedly worth $18 million.

“It has been a very good environment for Mike,” Falk said. “He enjoys playing for Coach Woodson, who has allowed him to be a coach on the floor.”

Bibby averaged 14.9 points and 5.0 assists per game last season and he helped the Hawks advance to the 2nd round of the playoffs.