TUESDAY, 7:13am: The Raptors and Hawks officially announced the trade overnight before the July moratorium began. Williams and the rights to Nogueira go to Toronto while Salmons and a 2015 second-rounder go to Atlanta.
MONDAY, 10:00pm: The snag in the trade has been resolved. The Raptors will also send a 2015 second-round choice to Atlanta in the deal, tweets Ryan Wolstat of the Toronto Sun.
The Raptors should end up with a $2.133MM trade exception for Salmons, Pincus tweets.
8:06pm: The Hawks still aren’t expected to keep Salmons past the new deadline, a league source tells Charania (on Twitter).
8:04pm: The Hawks won’t release Salmons today, and both sides have agreed to extend the waiver deadline to July 10th, a league source tells Shams Charania of RealGM (Twitter link).
SUNDAY, 8:25pm: The Hawks will indeed waive Salmons tomorrow, Wojnarowski reveals in his full story.
7:37pm: The Raptors have agreed to send John Salmons to the Hawks in exchange for Lou Williams and the rights to Lucas Nogueira, tweets Adrian Wojnarowski of Yahoo! Sports. Marc Stein of ESPN first revealed that the two sides were in advanced discussions of such a deal (Twitter link).
Salmons’ $7MM contract is only partially guaranteed for $1MM if he’s waived by the end of tomorrow, as Chuck Myron explained in our recap of upcoming guarantee dates. Given Atlanta’s reported interest in a run at a Carmelo Anthony/LeBron James pairing, it’s probably only a matter of time until Salmons finds himself a free agent. In 78 games for the Kings and Raptors last season, Salmons averaged just 5.0 points per game while shooting 36.8% from the floor.
Williams is a few years removed from his prime, but it’s unlikely the Hawks are giving up the former stud point guard and rights to Nogueira, a 2013 first-round selection, just to get $7MM off of their books. It’s possible, and maybe even likely, that this move is a precursor to a bigger deal, suggests Alex Kennedy of Basketball Insiders (via Twitter). The trade should be finalized sometime tomorrow, tweets David Aldridge of TNT, giving Atlanta the window required to shed Salmons’ contract before it becomes guaranteed.