Milwaukee Bucks general manager John Hammond got the bad news shortly after his flight landed in Las Vegas on Saturday afternoon.

The Atlanta Hawks had matched the Bucks' four-year, $32 million offer sheet to restricted free agent Jeff Teague.

The Bucks made a strong bid to acquire the 6-foot-2 Teague, who had hoped to be reunited with coach Larry Drew in Milwaukee. Drew was Teague's head coach in Atlanta for the past three seasons and showed plenty of confidence in the Indianapolis native.

Teague signed the offer sheet late Wednesday, and the Hawks had 72 hours to match under terms of the new collective bargaining agreement.

On Thursday the 25-year-old point guard thought he was headed to Milwaukee.

"I really want to be here," he said of coming to the Bucks. "I thank Milwaukee for giving me this opportunity and taking a chance on me."

But the Hawks were a bit thin in the backcourt, and Atlanta general manager Danny Ferry moved to match the offer.

Combination guard Lou Williams is coming off a serious injury, and rookie point guard Dennis Schroeder, selected 17th in the June draft, and Shelvin Mack are the other options in Atlanta's backcourt.

The Bucks made a bold move by going after Teague, indicating they preferred him to incumbent point guard Brandon Jennings, also a restricted free agent. But the Hawks stepped up with a long-term contract for Teague.

"Now we have to move forward with the job before us," Hammond said. "We have some work to do."

The Bucks already have signed 6-2 point guard Luke Ridnour, who started 82 games for the Minnesota Timberwolves last season. And earlier Saturday they signed free-agent guard O.J. Mayo, who will replace Monta Ellis at shooting guard.

Mayo agreed to a three-year, $24 million deal after serving as the Dallas Mavericks' starting shooting guard last season.