The Atlanta Hawks traded Lou Williams to the Toronto Raptors for John Salmons last month in an attempt to clear some cap space for free agency. Salmons’ contract stood at $7 million, but if waived, the Hawks would only be on the hook for $1 million of it.
The deadline to waive Salmons’ contract had been moved to July 10, and at 11:59 on deadline day, Atlanta waived the 11-year veteran.
Reports had stated that the Hawks were waiting until the last minute to make the move so they could dangle the non guaranteed contract in trade talks, but it appears that there was no market for it.
The Hawks announced the move on Friday, making it official.
The official trade sent Williams along with the draft rights to 2013 first-round pick Lucas Nogueira to the Raptors in return for Salmons’ contract and a 2015 second-round pick.
This move was always about clearing cap space, and now that LeBron James has made a decision, you can expect the Hawks to start being aggressive in the free agent market.