ATLANTA -- Paul Millsap appears to be on the way out.

The former Atlanta Hawks power forward has agreed to a three-year, $90 million deal with the Denver Nuggets, according to The Vertical. Millsap cannot sign the deal until the NBA's moratorium period ends on July 7.

11Alive news partner USA TODAY Sports confirmed the deal.

Millsap opted out of the final year of his contract with the Hawks to enter the offseason as an unrestricted free agent. Multiple reports stated new general manager Travis Schlenk wasn't willing to offer the four-time All-Star a maximum contract

Denver visited Atlanta to meet with Millsap on Saturday, according to multiple reports. It appears they were able to persuade him.

The Hawks have now lost all five of their regular starters from the 2014-15 season in which the Hawks won a franchise-best 60 games and went to the Eastern Conference Finals. Kyle Korver, Jeff Teague, Al Horford and DeMarre Carroll were the other regular starts that season for the Hawks.

While Schlenk won't call the next era a rebuild, that appears to be exactly what's happening.

Millsap played four seasons with the Hawks after joining the team from the Utah Jazz. Last season, he averaged a career high 18.1 points per game.

PHOTOS | Paul Millsap through the years