Hawks lose Josh Childress to Olympiakos

In what is a major blow to the Atlanta Hawks and the NBA, Josh Childress has agreed to terms with Greek powerhouse Olympiakos. "Former Hawks swingman Josh Childress has signed with Olympiakos of Greece, a three-year, fully guaranteed contract worth far more than the $20 million initially believed to be his prize. Could there be a more stunning turns of events for fans who thought Childress was destined to remain in a Hawks' uniform for at least the next four or five years? It's a groundbreaking move for all sorts of reasons, none of them terribly thrilling for the Hawks and their tattered reputation." (Read the rest after the jump.)