Message Board Basketball Forum - InsideHoops

Go Back   Message Board Basketball Forum - InsideHoops > NBA Team Forums > Atlanta Hawks Forum

Atlanta Hawks Forum Atlanta Hawks message board - atlanta hawks fan forum

Reply
 
Thread Tools
Old 03-17-2012, 02:44 PM   #1
insidehoops
Administrator
 
insidehoops's Avatar
 
Join Date: Jun 2006
Posts: 11,527
insidehoops has disabled reputation
Default 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.
insidehoops is offline   Reply With Quote
Old 03-18-2012, 10:03 PM   #2
CLTHornets4eva
Original ISH CLTHornet
 
CLTHornets4eva's Avatar
 
Join Date: Sep 2009
Location: ATL
Posts: 1,896
CLTHornets4eva is a pretty well-respected posterCLTHornets4eva is a pretty well-respected posterCLTHornets4eva is a pretty well-respected poster
Default Re: Hawks trade 2nd round pick for cash

Pretty typical move by the worst ownership group in the league.
CLTHornets4eva is offline   Reply With Quote
This NBA Basketball News Website Sponsored by:
Reply


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -4. The time now is 04:48 PM.




NBA Basketball Forum Key Links:
InsideHoops Home
NBA Rumors
Basketball Blog
NBA Daily Recaps
NBA Videos
Fantasy Basketball
NBA Mock Draft
NBA Free Agents
All-Star Weekend
---
High School Basketball
Streetball
---
InsideHoops Twitter
Search Our Site















Powered by vBulletin Version 3.5.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd. Terms of Use/Service | Privacy Policy