13 July 2012
The Tribune reported the rumored proposal earlier in this realease: "Pending a passed physical, the Chicago Bulls have traded Kyle Korver to the Atlanta Hawks via the Minnesota Timberwolves in a move that saves them $500,000 and nets what is expected to be a second-round pick from the Timberwolves. The Bulls had until Sunday to either guarantee Korver's $5 million option for 2012-13 or waive him and pay Korver $500,000. The Bulls had talked to the Hawks about trading Korver into Atlanta's traded player exception acquired in the Joe Johnson trade to the Nets. They ultimately used Minnesota to facilitate the deal."
Korver, graduate of Creighton U., a three-point specialist, spent two seasons with the Bulls primarily as a back-up small forward.
The Bulls have been scanning the league to trade Kyle in recent days. In the event that they couldn't find a suitable trade situation, Bulls brass was going to non-guarantee the remaining money on Korver's contract outside of the guaranteed $500k.
As noted above the Bulls receive a second-round draft pick from the Bulls.
Reflection story coming up later today.
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