Bulls complete Kyle Korver trade with Hawks
(MCT) — The Bulls completed the trade of Pella-native 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.
“I think there will be playing time available if I go out and earn it,” Korver said by phone of his new situation. “They’ve made trades and a lot of minutes at the positions I play are open. So that’s exciting. It’s also exciting not to be frozen in January and February, but I obviously loved Chicago a bunch. Atlanta has good pieces and they’re still trying to add to it.”
Korver graduated from Pella High School in 1999 and played college basketball at Creighton University. This past season, Korver averaged 3.8 points per game in just under 16 minutes for the Bulls, shooting 30.8 percent from beyond the arc.