Report: Kyle Korver to Hawks

ESPNChicago.com

The Chicago Bulls have traded Kyle Korver to the Atlanta Hawks in a move that saves the team money, the Chicago Tribune reported Friday.

The teams needed the Minnesota Timberwolves to facilitate the deal, which will save the Bulls $500,000 and net either a second-round draft pick and player exception or a player with a small contract from the Wolves, the Tribune reported.

The Bulls have a potentially expensive decision coming up. The Houston Rockets reached a verbal agreement on a three-year, $25 million deal with backup center Omer Asik. The Bulls have not said yet whether they plan to match.

The Bulls also reportedly have a deal in place to bring guard Kirk Hinrich back to Chicago on a two-year deal worth $6 million. Chicago had until Sunday to pick up Korver's $5 million option or pay him a $500,000 buyout.

Signed as a free agent from the Utah Jazz, Korver played two seasons for the Bulls. He averaged 8.1 points and shot 43.5 percent from 3-point range last season.