The Hawks are not giving up on Childress..
Sund said the Hawks would extend a qualifying offer to Josh Childress, a restricted free agent who has played in Greece the past two seasons. If Childress wants to return to the NBA, he must opt out of his contract with Olympiakos by July 15 (he reportedly hasn't made up his mind). Extending the one-year, $4.8 million qualifying offer would allow the Hawks to maintain Childress' NBA rights. If Childress doesn't accept the offer but wants to return to the NBA, the Hawks could use him in a sign-and-trade transaction.
source : ajc.com
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