Here is a look at the Atlanta Hawks' cap situation following the Kirk Hinrich trade.
The Hawks have reportedly traded away Shelvin Mack and Justin Holiday for Kirk Hinrich in a three-way trade involving Utah (receiving Mack) and Chicago (receiving Holiday and a 2nd round pick from Utah to make the trade legal). In the process, the Hawks are awarded a trade exception equal to Justin Holiday’s $947,276 salary.
From a bookkeeping perspective for this season, the Hawks are trading away $3,380,609 in salary and receiving $2,996,008 in salary.1 The Hawks are still over the $70 million Salary Cap with a total team salary of $71,162,768 at the moment.