The Hawks and Nets have agreed to terms on a trade that would send All-Star guard Joe Johnson to Brooklyn for multiple players with expiring contracts and a first-round draft pick, according to a person with knowledge of the deal.
Update: The Hawks also have agreed to trade forward Marvin Williams to Utah for point guard Devin Harris, according to a person with knowledge of the agreement.
Trades can’t be officially consummated until the NBA moratorium ends on July 11 but the person said the Hawks have agreed on the framework of the deals with the Nets and Jazz.
The person said in exchange for Johnson, the Hawks would receive Jordan Farmar, Anthony Morrow, Johan Petro, DeShawn Stevenson and Jordan Williams from the Nets. Atlanta also would receive the lottery-protected, 2013 first-round draft pick that the Nets acquired in a trade with the Rockets.
Williams is meeting with the Nets and Mavericks today. The Nets plan to pair Johnson with Williams and re-sign free-agent center Brook Lopez to form the core of the team when it plays its first season in Brooklyn in 2012-13.
It was initially believed Atlanta’s deal with the Nets is contingent on Williams agreeing to re-sign with Brooklyn but multiple reports now say the agreement will remain in place even if Williams decides to go elsewhere.
If the deal goes through, the Hawks would be left with less talent but with more ability to make major moves in the future after shedding Johnson’s contract. Such flexibility was the stated goal of Hawks GM Danny Ferry after he was hired last week.
Johnson, 31, is owed nearly $90 million over the final four years of a contract he signed in summer 2010. It was the richest contract in the league at the time, though Derrick Rose now is owed more than Johnson since signing a contract extension.
The Hawks could be in position to clear roughly $30 million in salary-cap space after the 2012-13 season. Chris Paul and Dwight Howard are among the players eligible to become free agents next summer.
Michael Cunningham, Hawks beat
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