Kyle Korver Trade: Deal With Hawks Is Official; Bulls Receive $5 Million Trade Exception From Atlanta

On Monday afternoon, the Chicago Bulls officially announced the trade of shooting guard Kyle Korver to the Atlanta Hawks. In exchange, the Bulls will receive a $5 million trade exception.

Related: NBA Trade Rumors: Chicago Bulls Reportedly Shopping Richard Hamilton

Korver, who spent two seasons in Chicago, averaged 8.1 points and 2.4 rebounds for the Bulls during the 2011-12 season. In a radio interview last Friday, Korver expressed his disappointment over the deal:

"It's a bit of a bummer for sure," Korver told ESPN 1000's "Chicago's GameNight" on Friday. "I love Chicago. I loved putting on a Bulls uniform. ... What do you do? We learned this is a business and teams are going to make business decisions. I'm gonna go to Atlanta and try and go out there and play well."

For more, stick with SB Nation Chicago. For more on the Bulls, head over to Blog a Bull. For additional news, notes and analysis from around the NBA, visit SB Nation's NBA news hub.

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