Atlanta acquired draft pick (possibly 1962 No. 28, Charles Vaughn / Chico Vaughn) from Packers in exchange for rights to Horace Walker.
The Hawks traded Horace Walker's rights to the expansion Chicago Packers on June 24, 1961 for a 1962 fourth-round draft pick. The league ledger, St. Louis team ledger and Marty Blake executive record agree on the structure and identify Chico Vaughn as the player later selected with the pick.
Walker played 65 games in the Packers' first season, averaging 20.5 minutes, 6.7 points and 7.2 rebounds. It was his only NBA season. Chicago therefore received a useful inaugural-year frontcourt contributor, but no value beyond that one campaign.
Vaughn joined St. Louis in 1962-63 and played 77 games as a rookie, averaging 10.1 points, 3.4 rebounds and 3.3 assists. He remained with the Hawks for five NBA seasons before continuing his career in the ABA, giving St. Louis substantially more tenure than Walker gave Chicago.
The Packers obtained a real contributor for an expansion roster, so this was not a failed acquisition. St. Louis converted rights to a player who never suited up for the Hawks into a guard who contributed across several seasons. Vaughn's longer service creates a modest Hawks advantage.
Slight Hawks Edge — St. Louis B-, Chicago C+. Horace Walker helped the expansion Packers for one season, while the fourth-round pick became multi-year Hawks guard Chico Vaughn.