- HOOPSWORLD | Basketball News & NBA Rumors - http://www.hoopsworld.com -
Ferry Gains more Flexibility with Trade
Posted By HOOPSWORLD On July 31, 2012 @ 6:51 am In All,Headlines,NBA Headlines | No Comments
Hawks GM Danny Ferry gained more of the financial flexibility he has sought by sending guard Willie Green to the Clippers in a sign-and-trade deal for the rights to Greek center Sofoklis Schortsanitis.
Schortsanitis signed a three-year contract with a club in Athens earlier this month and it is doubtful he will join Atlanta’s roster anytime soon, if ever. The value for the Hawks is gaining a trade exception in the amount of Green’s first-year salary with the Clippers, which wasn’t immediately known.
A trade exception works as a credit the Hawks can use to make a trade while over the salary cap without meeting the usual salary-matching requirements. The exception expires one year after the date of the trade.
Article printed from HOOPSWORLD | Basketball News & NBA Rumors: http://www.hoopsworld.com
URL to article: http://www.hoopsworld.com/ferry-gains-more-flexibility-with-trade
Copyright © 2013 HOOPSWORLD | Basketball News & NBA Rumors
Part of the USA TODAY Sports Media Group.