The Hawks were reportedly part of a three-way deal that would have sent Smith and Orlando's J.J. Redick to the Milwaukee Bucks but pulled out right before the deadlline.

Atlanta had been looking for a deal that would bring back prospects, picks but no long term salary. The Hawks will now be faced with re-signing Smith this offseason. By not dealing Smith, the Hawks can offer him a deal that is worth up to 5-years at $94 million. Other teams will be limited to offering Smith a deal worth approximately $70 million over four years.