The Atlanta Hawks have acquired forward Rudy Gay and a conditional 2026 second-round pick from the Utah Jazz in exchange for forward John Collins, it was announced today. The transaction creates a $25.3 million trade exception for Atlanta, currently the largest in the NBA. The exception can be used to acquire a player(s) in subsequent trades and will expire in a year. The 2026 conditional second-round pick will be sent from Memphis to the Hawks if between 31 and 42.

“Being able to create financial flexibility moving forward was a major priority for us. The added flexibility will give us greater optionality as we look at opportunities to improve our team,” said Hawks General Manager Landry Fields. “John was a key contributor our team over the past six seasons and played an instrumental role in helping us become a regular playoff contender. We would like to thank him for his professionalism and leadership over the years and we wish him the best in Utah.”

Gay, a 17-year veteran, has career averages of 15.8 points on .452 shooting, 5.6 rebounds, 2.0 assists, and 1.1 steals in 30.9 minutes per game over 1,120 games (779 starts) with Memphis, San Antonio, Sacramento, Toronto, and Utah. Last season in Utah, the 6-foot-8, 230-pound forward appeared in 56 games, averaging 5.2 points, 2.9 rebounds and 1.0 assists in 14.6 minutes per game.

His 1,120 games played rank fifth among active players, while his 17,642 points rank ninth. He has appeared in 19 postseason games with averages of 14.3 points, 6.5 rebounds and 1.7 assists in 32.5 minutes per game.

Collins was selected by the Hawks with the 19th overall pick in the first round of the 2017 NBA Draft. In six seasons in Atlanta, the forward from Wake Forest has career averages of 15.8 points on .551 shooting, 8.0 rebounds, 1.5 assists, and 1.0 block in 29.2 minutes per game in 364 games (313 starts). During the 2022-23 season, he averaged 13.1 points on .508 shooting, 6.5 rebounds and 1.2 assists in 30.0 minutes in 71 games (all starts).

His career field goal percentage of .551 is the highest in Hawks franchise history (min. 2,000 FGM) and Collins ranks 10th in total blocks (377), as well as 13th in points per game (15.8, min. 331 games).

In 29 playoff games (28 starts), the 6-foot-9 forward averaged 12.6 points on .516 shooting and 7.1 rebounds in 29.7 minutes per game.

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