The Hawks have officially requested waivers on Richard Jefferson and Kay Felder, the team announced today in a press release. Atlanta had formally confirmed their trade for Jefferson and Felder about an hour ago, so the duo’s stint with the team was very short-lived, as expected.
The Cavaliers sent Jefferson and Felder to the Hawks in order to clear a pair of contracts – one fully guaranteed and one partially guaranteed – from their books. The deal will help reduce Cleveland’s projected tax bill and gets the team’s roster in order for the start of the regular season.
From the Hawks’ perspective, the move essentially allowed the team to acquire 2019 second-round pick for free, since the Cavs sent enough cash ($3MM) to cover Jefferson’s salary and Felder’s guarantee. Jefferson’s $2.5MM salary and Felder’s $457K guarantee will remain on Atlanta’s cap for this season, reducing the team’s available cap room.
Jefferson and Felder will clear waivers on Monday, assuming they’re not claimed by another team. It will be interesting to see where each player lands, since Jefferson wants to continue his career and Felder has some appeal as a young prospect.
According to Sam Amico of AmicoHoops.net (Twitter link), Jefferson is drawing interest from some non-contending teams, and the Celtics could be a possibility for him too. The veteran forward isn’t eligible to re-sign with the Cavs at any point this season.