The Hawks, as expected, didn’t make any major trades by today’s 3 p.m. deadline. Instead, they sent a second-round pick to Golden State for cash to help offset their first-ever luxury-tax bill that will be due at season’s end.
Under CBA rules, picks can be sold for up to $3 million but the Hawks will receive much less for their pick since first-round picks routinely sold for $3 million under the old CBA. In addition, under the new CBA there is an annual cap of $3 million on cash involved in trades, further driving down the price of picks.
The Hawks owned two second-round picks after acquiring one from the Suns in the Josh Childress sign-and-trade last summer. The Warriors will receive the lesser of the two picks and, since the Suns likely will finish with a worse record than the Hawks, Atlanta probably will keep that pick.
It was a quiet trade season overall for the Eastern Conference, with only three developments figure to affect the Hawks.
The Magic still will be a factor when the one potential blockbuster fizzled and Dwight Howard (ultimately) chose to to opt in for 2012-13. The Pacers traded a second-round draft pick to Toronto for Leandro Barbosa, who gives them some needed offensive punch. And the Sixers traded Ricky Sanchez to Memphis for Sam Young.
That was it as far as teams currently leading the Hawks in the East. The Bucks were the only other team in position for a playoff spot to make a move, acquiring Monta Ellis and Ekpe Udoh for Andrew Bogut and Stephen Jackson.
Check back later for a video blog with my thoughts on the Hawks.
Michael Cunningham, Hawks beat