The Atlanta Hawks are clearing salary cap space for free agency, trading away Lou Williams and 2013 first-round pick Lucas Nogueira to Toronto Raptors for John Salmons, a leagues sources told Yahoo Sports.
Salmons has a $7 million team option for the 2014-15 season, which the Hawks will terminate with a $1 million buyout on Monday, league sources said.
Williams gives the Raptors a veteran guard and some depth and insurance should they fail to re-sign free agent guard Kyle Lowry. Nogueira, a 7-foot Brazilian, was the 16th overall pick in the 2013 NBA draft, and played in the Spanish ACB League this season. He's a young, active center who's considered a long-term project.
Williams sheds another $5.4 million off the Hawks' payroll for the 2014-15 season.