The Hawks and the Bulls finalized a deal several days in the making Monday sending Korver, who was 10th in the NBA in 3-point shooting percentage, to the Hawks for cash considerations, The Atlanta Journal-Constitution reported.
"I appreciate the toughness and the competitive energy Kyle brings to the game every night, and we're very excited to add him to our team, " said Danny Ferry, the Hawks general manager and president of basketball operations. "Adding him makes shooting an even greater strength for our club."
Korver averaged 8.1 points in 22.6 minutes per game and made 43.5 percent of his three pointers last season with the Bulls.
"We led the NBA in wins two years in a row, and [I] loved the personalities and chemistry we had," Korver told the Chicago Tribune Friday. "The bond we had was unique. You always feel you could've done more, but everybody on our team gave it all we had and there's at least some satisfaction in that."