Hawks GM Danny Ferry gained some more of the financial flexibility he covets by sending Willie Green to the Clippers in a sign-and-trade for the rights to Greek center Sofoklis Schortsanitis.
Schortsanitis signed a three-year contract with Athens club Panathinaikos earlier this month so chances are he won’t be joining Atlanta’s roster. The value for the Hawks in the deal is gaining a trade exception in the amount of Green’s first-year salary with the Clippers, which wasn’t immediately known.
Update: According to ESPN.com’s John Hollinger, the exception is worth between $ 1.65 million and $ 2.75 million.
A trade exception works as a sort of credit that would allow the Hawks to make a trade while over the salary cap without meeting the usual salary-matching requirements. The credit expires one year from the date of the trade.
The Clippers selected Schortsanitis in the second round of the 2003 draft. He was listed at 6-9 and 345 pounds while playing for the Clippers’ summer league
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