John Collins has been traded to the Utah Jazz in a salary dump
The Hawks will receive Rudy Gay and a future second-round pick in exchange for Collins.
The move allows the Hawks to get below the luxury tax threshold and free up cap space for future moves.
Collins is owed $125 million over the next five seasons, a hefty price tag for a player who has not lived up to expectations in Atlanta.
Gay, 35, is a veteran forward who is coming off a season in which he averaged 13.2 points and 4.9 rebounds per game.
He is a good fit for the Hawks, as he can provide some scoring and rebounding off the bench.
The trade is a sign that the Hawks are rebuilding.
They have traded away several of their top players in recent years, including Collins, De'Andre Hunter, and Cam Reddish.
The team is hoping to build around Trae Young, but they will need to add some more talent around him if they want to be competitive in the Eastern Conference.
The trade of John Collins is a significant move for both the Hawks and the Jazz. It will be interesting to see how both teams fare in the upcoming season.