Re: Bulls will trade Kyle Korver to Hawks
The Bulls completed the trade of Kyle Korver to the Hawks reported last Friday, however the Timberwolves dropped out of the thoroughly discussed three-team deal.
Korver's $5 million contract becomes guaranteed for the 2012-13 season and slides into the Hawks' trade exception created when they dealt Joe Johnson to the Nets. The Bulls received a $5 million trade exception and cash.
That cash was originally headed to the Timberwolves, who were going to send a second-round pick to the Bulls, a source said. A trade exception allows the Bulls to acquire a player whose contract is up to $5 million without sending out any salary. They expire after a year if unused.