Hawks, Marco Belinelli Reach Buyout Agreement

5:02pm: The Hawks have formally requested waivers on Belinelli, the team announced in a press release.

2:18pm: The Hawks are finalizing a buyout agreement with shooting guard Marco Belinelli, leagues sources tell ESPN’s Adrian Wojnarowski (via Twitter). According to Wojnarowski, several contending teams are interested in Belinelli.

Belinelli, who will turn 32 next month, has been his usual productive self for the Hawks this season, averaging 11.4 PPG on .411/.372/.927 shooting in 52 games (23.3 MPG). Given Atlanta’s struggles and Belinelli’s expiring $6.6MM contract, the veteran was widely viewed a strong trade candidate leading up to Thursday’s deadline.

In fact, the Hawks even pulled Belinelli out of their lineup earlier this week as trade talks ramped up, presumably expecting him to be dealt. However, Atlanta ultimately didn’t pull the trigger on any deals. With Belinelli set to hit unrestricted free agency this summer and the Hawks preferring to give minutes to young players down the stretch, it didn’t take long for the two sides to pursue a buyout.

Assuming the Hawks and Belinelli finalize their buyout agreement and the former first-round pick reaches free agency, there should be no shortage of potential suitors. The Thunder, Pacers, Sixers, and Heat were among the teams said to have interest in Belinelli leading up to the deadline, and Darren Wolfson of 5 Eyewitness News tweets that the Timberwolves talked to the Hawks about him too. Contenders like the Warriors, Celtics, Rockets, Cavaliers, and Raptors would also be among the bevy of possible fits.

Belinelli’s decision figures to come down to how heavily he weighs various factors, such as playing time, money, and the ability to legitimately compete for a title.

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