Free agent guard Nickeil Alexander-Walker has agreed to a four-year, $62MM deal with the Hawks, ESPN’s Shams Charania reports (via Twitter).
The contract includes a fourth-year player option and a trade kicker, according to Charania (Twitter link).
The Hawks will acquire Alexander-Walker via a sign-and-trade using the $25MM trade exception generated by last year’s Dejounte Murray trade, according to cap expert Yossi Gozlan (Twitter link). This will generate a trade exception for the Timberwolves worth half of Alexander-Walker’s starting salary.
The Timberwolves are also receiving cash considerations and a future second-rounder, Jon Krawczynski of The Athletic tweets. The pick is the Cavaliers’ 2027 second-rounder, according to Jake Fischer of The Stein Line (Twitter link).
By going the sign-and-trade route, Atlanta will be able to preserve its non-taxpayer mid-level exception and still has room under the luxury tax line to make use of it.
The Hawks were considered the frontrunners to acquire Alexander-Walker after the Timberwolves reached agreements with two of their other prominent players, Naz Reid and Julius Randle. According to insider Chris Haynes (Twitter link), Trae Young was instrumental in recruiting NAW to Atlanta.
Alexander-Walker emerged as one of the biggest names on the free agent market due to his three-and-D skills. He had a 23-point, six-assist outing against OKC in the Western Conference Finals.
The 26-year-old appeared in every regular season game this season, including 10 starts, averaging 9.4 points, 3.2 rebounds and 2.7 assists. He made 38.1 percent of his threes and has knocked down 36 percent of them in his career. He now slots in as the Hawks’ sixth man, backing up Dyson Daniels at shooting guard.