The Hawks have reached an agreement to send Trae Young to the Wizards in exchange for CJ McCollum and Corey Kispert, sources tell Shams Charania of ESPN (Twitter link). No draft picks are being included in the trade, according to Michael Scotto of HoopsHype (Twitter link).
Charania reported earlier today that Washington was Young’s preferred destination in a deal. He gets a chance to restart his career as a veteran presence on a young team after spending seven-plus seasons in Atlanta.
Young was a four-time All-Star with the Hawks, including last season when he was the NBA’s assists leader with 11.6 per game. However, he was limited to just 10 games this season after suffering a sprained MCL in late October and a right quad contusion that has kept him out recently.
According to Charania (Twitter link), the Hawks liked the look of their offense over the past two months centered around dynamic forward Jalen Johnson and a collection of wings and depth rather than relying on a ball-dominant guard like Young. They also get out from under Young’s $49MM player option for 2026/27 and his desire for a contract extension. McCollum is a versatile guard with playoff experience who has a $30.6MM expiring deal, while Kispert is under contract for nearly $14MM this season and next and roughly $13MM in 2027/28.
The salary flexibility could make Atlanta more willing to increase its pursuit of Mavericks big man Anthony Davis before the trade deadline. Numerous reports have indicated that the Hawks are interested in acquiring Davis, but didn’t want to have his salary and Young’s on their books at the same time.
Charania points out that the deal reunites Young with Wizards executive Travis Schlenk, a former Hawks general manager who drafted him with the fifth pick in 2018 (Twitter link). Charania adds that team president Michael Winger and general manager Will Dawkins have been targeting a veteran star to blend with the young talent they’ve accumulated in recent drafts (Twitter link).
The Hawks no longer project to be over the cap this summer and could have $29MM in cap space, according to Keith Smith of Spotrac (Twitter link). With McCollum, Kristaps Porzingis and Luke Kennard, Atlanta has more than $70MM in expiring contracts. The acquisition of Young leaves the Wizards with a projected $45.9MM in cap room, down from about $80MM, assuming he doesn’t opt out and leave in free agency.
The Hawks “heavily valued” Kispert’s three-point shooting and viewed him as a vital part of the deal, sources tell Brett Siegel of ClutchPoints. He has been limited to 19 games this season due to injuries to his thumb and hamstring.
McCollum, who has been a full-time starter in his first season with Washington, provides another proven scorer for the Hawks’ backcourt. He’s not likely to get bought out once the deal is complete, according to cap expert Yossi Gozlan (Twitter link), because his Bird rights could become useful in an offseason sign-and-trade. If there is a buyout, Gozlan notes that apron teams such as Cleveland, Dallas, Golden State, Minnesota and New York wouldn’t be permitted to sign McCollum.
According to Tim Reynolds of The Associated Press (Twitter link), Young left the Hawks’ bench with about 31 seconds left in tonight’s game and gave high-fives to a few of his teammates as he headed to the locker room (YouTube link). At a postgame press conference, coach Quin Snyder told reporters that he’s “not at liberty to talk about or answer” any questions about the Young deal because it hasn’t been finalized, per Brad Rowland of Locked on Hawks (Twitter link).