Atlanta Hawks: Childress sign-and-trade in works (UPDATE: Hawks, Suns agree to trade)
The Hawks have agreed to a sign-and-trade that would send forward Josh Childress to Phoenix for a second-round pick and a trade exception, people with knowledge of the situation confirmed.
Paul Coro of the Arizona Republic reported Sunday night that the deal was “on the verge” of completion. Childress would sign with Phoenix for six years and at least $30 million, according to the report.
If Childress signs a deal for those terms, Atlanta’s trade exception would be worth half the amount of his first-year salary since he would become a base-year compensation player. The exception works as a sort of credit that would allow the Hawks to make a trade while over the salary cap without meeting the usual salary-matching requirement.
Atlanta drafted Childress with the No. 6 overall pick of the 2004 draft. He played four seasons with the Hawks before opting to sign a free-agent contract with Greek team Olympiakos in 2008. He has until Thursday to opt out of the final season of that three-year, $20 million deal.
MC
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740 comments Add your comment
John
July 12th, 2010
12:43 am
@Najeh…you are correct
» Report: Suns near deals with Turkoglu, Childress – SI.com FunMassti.com
July 12th, 2010
12:43 am
[...] of moves, get Turkoglu and ChildressKTAR.comSuns acquire Josh Childress in sign-and-trademsnbc.comAtlanta Journal Constitution (blog) -Winnipeg Free Press -Sportsnet.caall 18 news [...]
northcyde
July 12th, 2010
12:44 am
LOL . . or maybe not. Time to go research
MsDee
July 12th, 2010
12:44 am
MC
Where are ya? You cant just drop this bit of interesting news at 12:09am and desert us!!
Reginald
July 12th, 2010
12:44 am
From John Hollinger’s Twitter
“If it goes down as reported, Raps get 2.7M trade exception, Hawks’ is 5-6M, Suns’ Amare exception split into one worth 2.2, other about 1.5″
HawkKingBibby
July 12th, 2010
12:44 am
No I think your right. Shaq is prolly out of the equation. This deal gets worse every second.
Wabe
July 12th, 2010
12:45 am
Done deal?
OK
July 12th, 2010
12:45 am
SMH!!!!!!! *Anger* We’ve been robbed. We can’t get anything accomplished with that TE! What about the 3mill we got in the draft? We can’t combine the TE with that either?
Najeh Davenpoop
July 12th, 2010
12:46 am
The team has the right to choose which of its available exceptions to use to sign a player. However, teams may not combine exceptions, or combine an exception with cap room, in order to sign a player. For example, a team with a $5 million Mid-Level exception and a $2 million in cap room may not combine them to sign a player for $7 million.
TRADED PLAYER EXCEPTION — This exception is used for trades, and cannot be used to sign free agents.
In other words, the Hawks’ $3 million trade exception can be combined with other assets in trade(s), but this is SEPARATE from the mid-level exception, which can be used to sign player(s) outright in free agency.
So basically, the most the Hawks can offer Shaq to sign outright is still the mid-level exception. If they want to pay him more than that they have to work out a sign-and-trade with Cleveland, and send back an equal amount of salary plus the trade exception if they choose. So if they want to pay Shaq $8 million per year for example, they can send back $5 million in salary and the trade exception.
josh childress
July 12th, 2010
12:48 am
i told you all i was a sun already and shaq and mo will be signed this morning sometime. marvin is next to go and evens
Najeh Davenpoop
July 12th, 2010
12:48 am
“What about the 3mill we got in the draft?”
That is actual, hard cash, and has nothing to do with the salary cap.
Manny
July 12th, 2010
12:48 am
For a 2nd round pick???
That’s it. This basketball club might as well be sold on aisle 12 at Wal-Mart. We are so discount.
Mikeal
July 12th, 2010
12:48 am
We can bring back Randmo and Mario.
cdog
July 12th, 2010
12:49 am
the hawks need players now for the upcoming season. not a second round draft pick who if rick sund is around, will be wasted on another foreign player who will never play for the hawks. they need players now
John
July 12th, 2010
12:49 am
For all you people whining…have a little faith…I’m quite certain that Sund and his staff know MUCH BETTER than all of you what they’re doing with finances and trade exceptions…always crying about something…from a 53 win team…that hasn’t lost anyone yet!!! lol wow
OK
July 12th, 2010
12:50 am
Najeh, Oh graet so they got some extra $$$ to pay the light bill in Phillips sheesh.
Najeh Davenpoop
July 12th, 2010
12:51 am
““If it goes down as reported, Raps get 2.7M trade exception, Hawks’ is 5-6M, Suns’ Amare exception split into one worth 2.2, other about 1.5″”
I hope Hollinger is right, but everything that I’m seeing on the salary cap FAQ website leads me to believe he’s wrong about the Hawks’ end. The Raptors getting the $2.7 million trade exception sounds right since neither Barbosa or Turkoglu is BYC, but Childress from what I can tell is BYC.
The only way I can see Childress NOT being BYC is if there’s some obscure rule regarding players like him who miss a certain amount of time. Maybe for cap purposes their cap hold is used in the calculation rather than the last annual salary they drew. Hopefully for the Hawks that is the case.
Najeh Davenpoop
July 12th, 2010
12:52 am
“Najeh, Oh graet so they got some extra $$$ to pay the light bill in Phillips sheesh.”
Yeah, that’s why I wasn’t happy about them selling that pick instead of using it on Whiteside or Pittman. It has no effect as far as the salary cap is concerned; it just makes the DASG’s accounting books slightly less red.
Wabe
July 12th, 2010
12:52 am
I think Sund’s got something in the works…
Chills needed to get off the books to make it happen.
Now that Chills is off the books, you’ll see Sund make his move.
cdog
July 12th, 2010
12:52 am
if you trade childress, get a player that can contribute this upcoming season not a draft pick.you know how rick sund drafts, player that are either never going to play for the hawks or players after a couple of years, is out of the league
John
July 12th, 2010
12:55 am
@cdog…you’re in the majority that “want” that…what you guys don’t realize…who is going to give up proven players for a guy that was a decent 6th man in the league 3 years ago…hasn’t played in the NBA for the last 2 years? Ummmm….NOONE
Najeh Davenpoop
July 12th, 2010
12:56 am
If it makes any of y’all feel any better, CP3 is currently BYC but his BYC status expires on August 1. That is according to the ESPN trade machine. So maybe Sund is waiting until then. We can always hope…
Najeh Davenpoop
July 12th, 2010
12:59 am
This is extremely unlikely, but would be amazing.
Joe's place Joe speaking
July 12th, 2010
12:59 am
So what Is the total amount the hawks have to spend? With childress QO of 4.8$ off the books, does that mean we have that amount to spend or………. Dang this is confusing!
Najeh Davenpoop
July 12th, 2010
1:00 am
“who is going to give up proven players for a guy that was a decent 6th man in the league 3 years ago…hasn’t played in the NBA for the last 2 years? Ummmm….NOONE”
Eight teams were interested in signing him. If he attracted that much interest on the free agent market, presumably some team would have been willing to give up a player to be ensured of getting him.
Report: Suns near deals with Turkoglu, Childress – SI.com | The Fresno News
July 12th, 2010
1:01 am
[...] ChildressNewsOK.comSuns make a pair of moves, get Turkoglu and ChildressKTAR.commsnbc.com -Atlanta Journal Constitution (blog) -Winnipeg Free Pressall 20 news [...]
John
July 12th, 2010
1:02 am
@Najeh…I understand that, but I don’t think they’re going to give up a proven player for someone that is going to come off the bench. He will not be a starter anywhere, especially in Phoenix. Why give up a good player to sign a bench player? Makes very little sense…just my opinion.
Gilley
July 12th, 2010
1:02 am
6th overall pick for a 2nd round pick…SMH
northcyde
July 12th, 2010
1:11 am
Why are people acting like Chill was so valuable? He was so valuable, that we saw our win total increase by 16 games in 2 years, after his departure. And none of those teams that were interested in him, were not going to give up any player of significance for Chill. Those McGee rumors were crazy, seeing how decent of a big man he is. No team is giving that up for a SF that isn’t a star player.
It would be real nice if we could use Mo Evans + the TPE to get somebody, along with bringing in somebody for the MLE.
Hitman
July 12th, 2010
1:18 am
Gilley,
Josh Childress wasn’t worth that 6th overall pick former Hawks’ GM Billy Knight spent on him.
OK
July 12th, 2010
1:20 am
The ASG should use the 3mill they got from OKC to but our Pape Sy’s Frech contract. AT least…..selling that pick deserves some kind of justification.
OK
July 12th, 2010
1:21 am
The ASG should use the 3mill they got from OKC to BUY OUT Pape Sy’s Frech contract. AT least…..selling that pick deserves some kind of justification.
Hitman
July 12th, 2010
1:21 am
I would like the Hawks to acquire Lou Williams from the 76ers.
northcyde
July 12th, 2010
1:23 am
Scratch that last thought about Mo + the TPE . . . because that’s basically the same as adding the TPE with the MLE. The TPE has to be used by itself
HoosierHawk
July 12th, 2010
1:23 am
Co-sign trading Mo+ TPE. We have enough guards, and Mo is not tall enough to guard the 3.
Michael Gearon Jr.
July 12th, 2010
1:24 am
OK,
Oh no! $3 million dollars to buy Pape Sy’s french contract out would be a complete waste of money!
OK
July 12th, 2010
1:25 am
Not all of it! I doubt Sy is getting paid THAT much money. I just meant some of it.
Jake
July 12th, 2010
1:26 am
If a team trades away a player with a higher salary than the player they acquire in return (we’ll call this initial deal “Trade #1″), they receive what is called a Traded Player Exception, also known colloquially as a “Trade Exception”. Teams with a trade exception have up to a year in which they can acquire more salary in other trades (Trade #2, #3, etc) than they send away, as long as the gulf in salaries for Trade #2, #3, etc are less than or equal to the difference in salary for Trade #1. This exception is particularly useful when teams trade draft picks straight-up for a player; since draft picks have no salary value, often the only way to get salaries to match is to use a trade exception, which allows trades to be made despite unbalanced salaries. It is also useful to compensate teams for losing free agents as they can do a sign and trade of that free agent to acquire a trade exception that can be used later. Note this exception is for single player trades only, though additional cash and draft picks can be part of the trade.
ignition
July 12th, 2010
1:27 am
I don’t like losing Childress either but he isn’t that big a loose, plus if we can pick up Shaq or another big then it’s worth it. He fits what the Suns want nicely,(he also would fit the Hawks nicely as well) I can only trust that Sund is making the right move. I Want Championship Baby !!!!!
Jake
July 12th, 2010
1:30 am
Hawks free agent moves
————————————
1. Acquire Mo willams and Shaq
2.Clear cap space(Get rid of marvin and bibby)
3.Get richard jefferson
Hawks Close to Sign and Trade of Childress to Phoenix
July 12th, 2010
1:33 am
[...] 2008. He has until Thursday to opt out of the final season of that three-year, $20 million deal. Atlanta Hawks: Childress sign-and-trade in works | Atlanta Hawks DSS NBA Sim League – New Jersey Nets GM Kevin Johnson|Anthony Morrow|Toni Kukoc|Elton [...]
doc
July 12th, 2010
1:35 am
Najeh iPhone strikes again
once in sometimes hard to go back and proof
other than that feeling fine
thanks for asking
can’t wait to wake up and find shaq in town
Suns not resting, get Turkoglu and Childress | phoenix.rssible.com
July 12th, 2010
1:36 am
[...] • Childress sign-and-trade in works (Atlanta Journal Constitution) [...]
real deal holyfield
July 12th, 2010
1:38 am
j chills afro was bigger than his talent, he will be a decent role player at best. For all we know this is the most Sund could get for a whiney overpaid brat who didn’t want to be here to help this team win and advance in the playoffs. Peace, I’m Out*
Najeh Davenpoop
July 12th, 2010
1:39 am
northcyde is right. The TPE can’t be combined with anything else.
What is not allowed is using two different exceptions for the same player. Here is something that is not allowed: A team has a $5 million player and a $1 million Traded Player exception from a previous trade, and wants to add the Traded Player exception to the 125% plus $100,000 margin from their $5 million player ($6,350,000), in order to trade for a player making $7,000,000. This cannot be done.
Najeh Davenpoop
July 12th, 2010
1:40 am
doc, I don’t know about you, but I turned off AutoCorrect and AutoComplete the day I got my iPhone. They are a pain in the azz and typing got way easier after turning them off.
Smooooothv
July 12th, 2010
1:40 am
Typical Hawks. Nothing like adding that great center and point guard named Cap Room. It won’t be long before the franchise will be back to their old ways of losing 50 to 60 games a year. Don’t buy tickets to enrich these horsecrap owners. The only chance for this franchise is a new, decent owner. Of course one would have to go back 40 years to Ben Kerner to find the last good owner for this trainwreck franchise.
Jake
July 12th, 2010
1:41 am
Hawks free agent moves
————————————
1. Acquire Mo willams and Shaq
2.Clear cap space(Get rid of marvin and bibby)
3.Get richard jefferson
John
July 12th, 2010
1:42 am
I still find it hilarious how people think the Hawks will lose 50 – 60 games and have yet to lose a single player from a team that just won 53 games…..Atlanta fans…retarted if nothing else. lol
Najeh Davenpoop
July 12th, 2010
1:43 am
Well, I stand partially corrected. My 1:39 post quoting the salary cap FAQ website is correct, but in the case of the Hawks’ pursuit of Shaq, it hurts Cleveland, not us. The Hawks can trade Bibby ($5.5 mil) for Shaq if he wants to get paid $8.5 mil for example, but Cleveland will not get to turn around and use that $3 million trade exception.