Message Board Basketball Forum - InsideHoops

Message Board Basketball Forum - InsideHoops (
-   Atlanta Hawks Forum (
-   -   Hawks trade 2nd round pick for cash (

insidehoops 03-17-2012 03:44 PM

Hawks trade 2nd round pick for cash
The Atlanta Journal Constitution reports:

The Hawks, as expected, didnít make any major trades by todayís 3 p.m. deadline. Instead, they sent a second-round pick to Golden State for cash to help offset their first-ever luxury-tax bill that will be due at seasonís end.

Under CBA rules, picks can be sold for up to $3 million but the Hawks will receive much less for their pick since first-round picks routinely sold for $3 million under the old CBA. In addition, under the new CBA there is an annual cap of $3 million on cash involved in trades, further driving down the price of picks.

The Hawks owned two second-round picks after acquiring one from the Suns in the Josh Childress sign-and-trade last summer. The Warriors will receive the lesser of the two picks and, since the Suns likely will finish with a worse record than the Hawks, Atlanta probably will keep that pick.

CLTHornets4eva 03-18-2012 11:03 PM

Re: Hawks trade 2nd round pick for cash
Pretty typical move by the worst ownership group in the league. :facepalm

All times are GMT -4. The time now is 04:57 PM.

Powered by vBulletin Version 3.5.4
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd. Terms of Use/Service | Privacy Policy