Per K.C. Johnson of the Chicago Tribune, Danny Ferry has struck again, landing Kyle Korver to add to his sharpshooter collection in a sign and trade with Kirk Hinrich, who is headed to Chicago for a second tour with the Bulls.

From Johnson's Twitter account:

Pending passed physical, Bulls have traded Kyle Korver to Atlanta. Could be sign-and-trade w/Hinrich. Details soon at chicagotribune.com.

— K.C Johnson (@KCJHoop) July 13, 2012

As we discussed earlier in the week, Korver adds to Anthony Morrow and John Jenkins as long range bombers and was very efficient when spotting up, ranking 7th among all players according to MySynergySports.com.

His pick and roll defense was an issue, so this isn't a slam dunk starting role at SF, not with Jeff Teague, Devin Harris and Lou Williams managing the perimeter defensively.

Still, this is an impressive array of shooters -- almost like it's set up for big post player. Second look at Al Horford, post player extraordinaire or maybe something else....

UPDATE: Ok, we're back on trading the trade exception, except now we're sending the exception to Minnesota and the Timberwolves trade a second rounder to Chicago. Chicago gets out of spending 500K if they were going to waive Korver. Says Johnson:

The Korver trade is via Minnesota into Atlanta's traded player exception, meaning Bulls get 2nd-round pick from Minny and save $500K.

— K.C Johnson (@KCJHoop) July 13, 2012