1:40 pm: The deal is official, according to a Hawks’ press release. As part of the deal, Atlanta will gain a $2.2MM trade exception that will expire one year from today.
8:49 am: The Hawks have agreed to send Mo Williams and cash considerations to the Nuggets in exchange for the rights to Cenk Akyol, Adrian Wojnarowski of The Vertical reports. Denver is expected to waive Williams upon arrival.
The point guard’s contract, which is worth $2.2MM, will get the Nuggets within $7.66MM of the salary floor. Wojnarowski notes that the move will save the team roughly $1.0MM in addition to the cash considerations Atlanta will send its way.
Williams hasn’t played this season and while he’s expressed interest in playing again, he hasn’t committed to making a return to the league. Akyol was selected in the 2005 draft but never came stateside. Wojnarowski notes that he’ll likely never play in the NBA.