Bulls will trade Kyle Korver to Hawks

[insidehoops]

Chicago Tribune:

As the Bulls tried to finalize their three-team deal to send Kyle Korver to the Hawks via the Timberwolves, Korver arrived in Atlanta for a physical scheduled on Monday.

The Hawks remained confident enough in the transaction to fly Korver to town.

The Bulls are expected to land a draft pick and trade exception from the transaction, which also would save them Korver’s $500,000 guarantee on the $5 million non-guaranteed portion of his three-year deal.

[insidehoops]

Chicago Tribune:

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.