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Report: Bulls trade Kyle Korver to Hawks

Miami Heat v Chicago Bulls - Game Two

CHICAGO, IL - MAY 18: (L-R) Luol Deng #9, Derrick Rose #1, Kyle Korver #26 and Joakim Noah #13 of the Chicago Bulls look on dejected from the bench late in the fourth quarter against the Miami Heat in Game Two of the Eastern Conference Finals during the 2011 NBA Playoffs on May 18, 2011 at the United Center in Chicago, Illinois. The Heat won 85-75. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Gregory Shamus/Getty Images)

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Kyle Korver is taking his three-point shooting down south.

Korver has been traded by the Chicago Bulls to the Atlanta Hawks, reports K.C. Johnson of the Chicago Tribune. And it’s not exactly a straight swap, it involves the Timberwolves and could involve Chicago getting Kirk Hinrich back in a sign-and-trade.

The Korver trade to Atlanta means the Bulls won’t have to pay him $500,000 had they waived his $5 million non-guaranteed contract.…The Korver trade is via Minnesota into Atlanta’s traded player exception, meaning Bulls get 2nd-round pick from Minny and save $500K.

The Hawks reportedly had been out of the deal and Korver appeared more headed to Minny earlier in the week. But things change. Fast.

Korver has one great NBA skill — he can knock down the three. Last season he shot 43.5 percent from distance, giving the Bulls 8.1 points and 22 solid minutes a game. Well, that was in the regular season, his production dropped off in the playoffs.

The Hawks were looking for shooters after sending Joe Johnson to the Nets. Which they were happy to do to ditch a massive contract, but you still want to get some of those points back.