The Kings are set to receive four players from the Hawks -- guards Anthony Johnson and Tyronn Lue and forward Lorenzen Wright and Sheldon Williams, according to the paper's sources.
The trade is pending league approval that may come as early as Saturday, the report said. Sources told the Bee that there is a 4 p.m. ET conference call scheduled between the teams and league officials.
The move would be largely a salary dump for the rebuilding Kings, with Bibby making $13.5 million this season and next and three of the incoming players having expiring contracts.
(Hattip to Le Cavs)