Adams’ $1,416,852 salary for next season would have been guaranteed on July 19 if he hadn’t been waived. The Hawks will only incur a cap hit of $100K.
Atlanta now has $7MM in cap space and 13 players on guaranteed contracts, Bobby Marks of ESPN notes. The Hawks are short on point guards behind Trae Young, so they may be targeting a veteran at that spot.
Adams signed a two-way deal with Atlanta last summer, then had it converted to a standard contract in February. He went undrafted out of St. Bonaventure.
The 23-year-old Adams appeared in 34 NBA games last season, averaging 3.2 PPG and 1.9 APG in 12.6 MPG.