AP source: Hawks land Parsons from Memphis for Hill, Plumlee
The person spoke with The Associated Press on condition of anonymity Wednesday because the trade can't be finalized before Saturday.
The 30-year-old Parsons averaged 7.5 points and 2.8 rebounds in 25 games, including three starts, for Memphis last season.
The Hawks acquired Hill from New Orleans in a trade during the NBA draft.
Parsons will make $25.1 million in the upcoming final year of his contract. Hill and Plumlee will make a combined $25.3 million on their expiring contracts.
A left knee injury limited the 30-year-old Plumlee, a 6-foot-11 center, to 18 games last season.