"Like I say, I don't know what's going to happen. I just have to focus on where I'm at right now and not worry about it."
Ferry shed two big contracts before the season when he traded guard Joe Johnson to the Brooklyn Nets and forward Marvin Williams to Utah.
Those trades created cap space that helped make it easier for Ferry to decide against dealing Smith.
"We were in an unusual situation where Josh's contract, our cap space and flexibility going forward, having a good team right now, there were a lot of factors that played into this," Ferry said. "I think the main factor is we value Josh. I think he's been important to our group this year and we can finish the year strong and hopefully we play well and we're a solid playoff team."
The Hawks (29-23) are sixth in the Eastern Conference. They play the Sacramento Kings on Friday night.
The Hawks will have only three players under contract for the 2013-14 season: center Al Horford, rookie guard John Jenkins and veteran guard Lou Williams, who is returning from knee surgery.
The team will have the ability to re-sign point guard Jeff Teague and backup forward Ivan Johnson, who will be restricted free agents.
Atlanta acquired Morrow from Brooklyn in the trade that sent Joe Johnson to the Nets. Morrow, slowed by right hip and back injuries, averaged 5.2 points in only 24 games with the Hawks.
Jones (6-6, 215) gives the Hawks a strong wing defender. He has averaged 3.5 points in 50 games, including 15 starts. His contract expires at the end of the season.
"We can put more physical bodies on the wing so we can be a more balanced mix," Ferry said. "Today was a good opportunity for us, good for us and I think good for Dahntay. Hopefully it puts him in a situation where he can play."
Jones averaged a career-best 10.2 points with Indiana in the 2009-10 season.
Tyler (6-10, 260) has averaged only 1.1 points in 20 games this season with Golden State. He averaged 4.9 points and 3.3 rebounds as a rookie last season.
The Hawks said Tyler was acquired for cash considerations and future draft considerations.