Currently, Paul Millsap has a salary of $20,072,033 for this season with a player option for $21,472,407 next. Unless something catastrophic happens, then Paul Millsap will decline his player option and become a free agent for the 2017 off-season. He will be 32 at the time and have 11 seasons under his belt. He’ll be eligible for the 10+ maximum salary, which is for approximately 35% of the cap and currently projected to be around $33.6 million per Albert Nahmad of HeatHoops.com.
Zach Lowe recently had a snippet of information about Paul Millsap when he surveyed the 2016 offseason transactions of the Atlanta Hawks so far:
(Note: The Hawks would normally be able to offer Millsap a five-year deal, but due to a quirk in the collective bargaining agreement called the over-36 rule, which is designed to limit contract length for older players, they would be capped at a four-year offer, per several league sources.