The Atlanta Hawks are sending guard Jeff Teague to the Indiana Pacers as part of a three-way deal with the Utah Jazz, league sources told The Vertical.

Indiana will send guard George Hill to the Jazz, who are moving the No. 12 overall pick in Thursday’s NBA draft to Atlanta, league sources said.

For salary-cap purposes, the deal won’t be official until July.

For Indiana and Utah, this gives them the starting point guards that they’ve been longing to acquire on the market. With the move, Atlanta is committing to guard Dennis Schroder as its point guard of the future.

Utah is determined to reach the playoffs next season, and Hill gives the Jazz an accomplished and versatile guard without giving up a player.

Teague was eager to be moved and is thrilled to return to his Indianapolis roots. He has one year left on his contract, and the Pacers made the move with the intention of signing him to a long-term deal, league sources said.

Atlanta is planning to negotiate a rookie extension with Schroder this summer too, sources said.

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