Archive for the ‘ Atlanta Hawks Blog ’ Category

DeMarre Carroll will sign with Raptors

The Toronto Raptors are about to get better, while the Hawks take a step backward. Here’s the Atlanta Journal Constitution blog reporting that a key member of the Hawks is leaving as a free agent and headed North to sign with the Toronto:

DeMarre Carroll will sign with Raptors

The Junkyard Dog is headed north.

DeMarre Carroll announced via social media that he will play for the Toronto Raptors.

Carroll tweeted: “#WeThe North I will be playing for Toronto Raptors next year!!!! I’m Blessed for this Opportunity!”

Carroll will sign a four-year, $60 million deal as an unrestricted free agent.

In an Eastern conference where second place — behind the Cleveland Cavaliers — is wide open for the taking, this is a full-priced but still very nice move for Toronto.

And here’s the Toronto Star on the Carroll/Raptors news:

Carroll, 28, was a key member of the 60-win Hawks team last season, primarily because of the level of toughness and defence he brought. While a solid scorer — he averaged 12.6 points per game in the regular season and more than 17 per game in the playoffs — the six-foot-eight forward’s reputation is as a defender.

Does he consider himself tough?

“If you see me in a fight with a bear, you’d better help that bear,” he famously said last season.

Carroll broke the news of his own signing on social media, putting a note on his Twitter account that included an Instagram photo of him and family members beaming next to Ujiri, Casey and Toronto executive vice-president Jeff Weltman.

Tim Hardaway Jr now with Atlanta Hawks

The Atlanta Hawks acquired guard Tim Hardaway Jr. from the New York Knicks in exchange for the draft rights to Notre Dame guard Jerian Grant, the 19th pick in the 2015 NBA Draft.

Earlier in the draft, Atlanta selected Kansas forward Kelly Oubre with the 15th pick in the first round before dealing his draft rights to Washington for Grant’s draft rights and the Wizards’ second round selections in 2016 and 2019.

“(Tim) is a young two-guard who has shown the ability to make shots and be an effective player,” said Hawks Head Coach Mike Budenholzer. “When we get him into our player development program, working with our coaches and around our players, we think he’s going to grow and prosper here.”

A two-year veteran, Hardaway has career averages of 10.8 points, 1.8 rebounds and 1.3 assists in 23.5 minutes in 151 games (31 starts). He was originally selected by the Knicks 24th overall in the 2013 NBA Draft after playing collegiately at Michigan.

In the second round, Atlanta took guard Marcus Eriksson with the 50th pick and forward Dimitrios Agravanis with the 59th selection.

The 6’7 Eriksson has played four seasons in the Spanish ACB league with Barcelona and Manresa. He played one game for Barcelona in 2014-15 and in 33 contests with Manresa in the previous season, when he averaged 11.2 points and 1.8 rebounds in 23.9 minutes. Eriksson was born on Dec. 5, 1993 in Sweden.

Agravanis, a 6’10 forward from Greece, has played professionally for five years in his home country with Olympiacos, Panionios and Maroussi. In 2014-15 with Olympiacos, he averaged 6.4 points and 3.1 rebounds in 14.4 minutes. Agravanis was born on Dec. 20, 1994 in Athens.

Several NBA Draft-night Hawks trades

Several NBA Draft-night Hawks trades

Here’s the Atlanta Journal Constitution reporting on some Atlanta Hawks trades agreed to during the 2015 NBA Draft:

The Hawks made two draft-night trades – and ended up with NBA player Tim Hardaway Jr. Thursday night.

The Hawks made their No. 15 overall pick in the first round of Kelly Oubre. The freshman small forward from Kansas won’t play in Atlanta. The Hawks sent Oubre to the Wizards for the No. 19 pick and two future second-round picks.

Twenty minutes later the Wizards picked Jerian Grant for the Hawks, who sent the point guard from Notre Dame to the Knicks for Hardaway.

Sale of Atlanta Hawks approved by NBA

Sale of Atlanta Hawks approved by NBA

The Atlanta Hawks Basketball Club today announced that its purchase by an ownership group led by Tony Ressler was completed yesterday, following the unanimous approval by the NBA Board of Governors.

“On behalf of our ownership group, we are so excited to officially become part of the Atlanta Hawks Basketball Club, an important civic asset to the community,” said Ressler. “We look forward to building upon the success of the team’s incredible playoff run this past season and the excitement it generated in the entire community.”

Ressler will serve as Principal Owner and Chair of the Board of Directors of the Hawks and as the team’s Governor on the NBA Board of Governors. Other investors include seven-time NBA All-Star Grant Hill, who will serve as Vice Chair of the Board, Townsquare Media Chair and CEO Steven Price, Clayton Dubilier & Rice partner Rick Schnall, and Spanx founder Sara Blakely and Marquis Jet co-founder Jesse Itzler, who are married.

According to ESPN.com, “Ressler and his partners, including existing Hawks partner Steven Price and former NBA player Grant Hill, agreed to purchase the Hawks for approximately $850 million, including debt obligations, in April. The deal includes the operating rights to Philips Arena.”

According to the Atlanta Journal Constitution, “the ownership group also includes former owners Steven Price and Bob Goodman from the New York-based group. Michael Gearon Jr. and Sr. and Rutherford Seydel of the Atlanta-based group will retain a small investment of one percent combined. They were grandfathered in from the new NBA rule that requires an individual owner have at least a one percent share in a team. There are others with a small share in the franchise and Philips Arena. Ressler is the clear majority owner with a nearly 50 percent stake.”

About Tony Ressler

Tony Ressler co-founded Ares Management L.P., a publicly traded, leading global alternative asset management firm with approximately $87 billion of assets under management as of March 31,2015, in 1997. Ares operates four investment groups that invest in tradable credit, direct lending, private equity, and real estate. Ares currently has approximately 800 employees with offices in Atlanta in addition to its headquarters in Los Angeles and other offices in New York, Chicago, Dallas, London, Paris, Frankfurt, Stockholm and Shanghai. Ares Management’s current portfolio includes investments in several Atlanta area-based businesses including Floor & Décor Outlets of America, Inc., Serta Simmons Bedding, and Insight Global.

In the nonprofit sector, Ressler serves as a member of the Board of Directors of the Cedars-Sinai Medical Center, as Co-Chair of the Board of Directors of the Los Angeles County Museum of Art (“LACMA”) and as a member of the Board of Trustees of Georgetown University. He is also one of the founding members of the Board and Co-Finance Chair of the Painted Turtle Camp (affiliated with Paul Newman’s Hole in the Wall Association), which serves children dealing with chronic and life-threatening illnesses by providing old-fashioned camping experiences.

In the charter/public education sector, Ressler is a Founder and Board Co-Chair of the Alliance for College Ready Public Schools in Los Angeles. Since 2004, the Alliance has grown to 26 free, public charter middle and high schools serving approximately 11,000 students from LA’s poorest communities with historically underperforming schools. Four Alliance schools have been named California Distinguished Schools and three are ranked in the top 10 of all LAUSD schools. More than 90% of Alliance graduates have gone on to college.

Ressler received his B.S.F.S. from Georgetown University’s School of Foreign Service and received his MBA from Columbia University’s Graduate School of Business.

Tony and his wife, actress Jami Gertz, have three sons.

About Grant Hill

Grant Hill is one of the most accomplished NBA players of this generation and a seven-time NBA All-Star. He is currently a managing principal and founder of Penta Mezzanine Fund, a private equity mezzanine firm. Hill oversees Penta’s day-to-day activities, including the review and analysis of prospective investments as well as leading investor relations efforts and raising more than $85M for the fund. Hill also leads Hill Ventures, a private commercial real estate investment company that for the past 18 years has successfully invested in several multi-family residential complexes and other commercial real estate properties throughout Florida, Arizona, North Carolina and Washington, DC.

In addition to his frequent speaking appearances, Hill has had significant broadcasting roles with CBS Sports, Turner Sports and NBA TV. In 2015, Hill was added as a game analyst for CBS Sports’ broadcasts of the NCAA Final Four and National Championship game, where he joined commentators Bill Raftery and Jim Nantz to call games throughout the tournament. Additionally, Hill also participated in TNT’s coverage of the NCAA March to the Final Four and NBA Playoffs. Additionally, he serves as an occasional studio analyst on TNT’s Inside the NBA. For NBA TV, Hill is the co-host of NBA Inside Stuff throughout the NBA regular season and a studio analyst on its GameTime broadcast.

Hill’s philanthropic activities include as a Member on the President’s Council on Fitness, Sports & Nutrition, and an active participant in the First Lady Michelle Obama’s “Let’s Move” campaign. Through the Grant and Tamia Hill Foundation, Hill has funded the Calvin Hill Scholarship at the Duke Divinity School, as well as programs including Child Abuse Prevention, the Grant Hill Achiever Scholarship programs in Orlando and Detroit, and has made contributions to Habitat for Humanity. Hill serves on the Board of Directors of the Orlando Museum of Art and the Trinity School of Arts and Sciences at Duke University, and he is the Chairman of Duke University Basketball’s Legacy Fund.

Hill and his wife, Tamia, a 7-time Grammy-nominated singer, have two daughters.

Official announcement from the Atlanta Hawks

The Atlanta Hawks announced today that Danny Ferry has stepped down as General Manager of the team. The move follows an indefinite leave of absence Ferry began in August, at the request of the team. The leave was triggered by the unauthorized release of an audio recording containing a brief portion of a lengthy conference call with team ownership and others during which Ferry repeated and paraphrased language from a third-party scouting report that contained a culturally insensitive characterization of a player.

Prior to today’s announcement, the Hawks organization retained a highly respected law firm, Alston & Bird LLP, and specifically a team led by senior partner Bernard Taylor, to investigate whether the remarks were racially motivated. Investigators conducted 19 witness interviews, including interviews of Ferry and several Hawks owners, and reviewed the contents of more than 24,000 emails, including every available work email sent or received by Ferry in his capacity as General Manager. The investigation by Alston & Bird made clear that the offensive language was not Ferry’s and none of Ferry’s remarks or behavior during the call were motivated by racial or ethnic animus, or by a person’s country of origin. To the contrary, Ferry shared his own opinion of Luol, recommended him both personally and professionally and ultimately tried to sign him to the team. The investigation revealed no other negative information on Ferry.

“This season has proved two things,” said Steve Koonin, CEO of the Hawks. “First, Danny Ferry is a tremendous GM. Danny was the principal architect of the Hawks’ success in Atlanta. From the hiring of Coach Bud to reinventing the roster, Danny’s vision has put us in the tremendous place we are today. Danny acted with integrity and professionalism as he guided the organization through important changes over the last few years. Second, Danny Ferry is not a racist. Danny showed great leadership in stepping aside in the fall so the season could proceed with as few distractions as possible. He has always put the team first despite the great personal difficulties he endured. Now that the team has identified new ownership, the resolution of Danny’s contract with existing ownership is appropriate. We wish Danny and his family only the best moving forward.”

“While the past year has been incredibly difficult and humbling, it is critical for me to clear my name and for people to realize that I have always built a culture of respect, diversity, and honesty,” said Ferry. “Now that the key facts have been made known, I am making the difficult decision to step away from this team and this special group of players. I have seen how gracious and forgiving people can be – especially Luol, who had every right to be hurt and angry after being brought into this situation. I thank him for his forgiveness and support. I also greatly appreciate that our players and coaches have been supportive, along with so many friends, old and new. As the Hawks move to a new chapter, I will continue to support the players and wish them the continued success that they and the fans of Atlanta deserve.”

On the court, Ferry led the building of a winning lineup. During his tenure, the team roster was reshaped as he engineered trades of several veterans; re-established valuable flexibility with the salary cap and draft picks; and simultaneously scouted and signed many of the standout players on the team today. He also hired Mike Budenholzer into his first head coaching position. The team achieved the best record in the Eastern Conference this year, and Coach Budenholzer was named NBA Coach of the Year.

“Building a successful team takes more than attracting a few stars,” Budenholzer said. “It is about finding the right combination of talent and teamwork to become an unbeatable combination. Danny’s vision and decision-making shaped the team that fans celebrate on the court today.”

Hawks face uncertainty as NBA draft approaches

Here’s the Atlanta Journal Constitution painting a picture of the Atlanta Hawks’ situation as both the NBA Draft and free agency approach:

The Hawks will enter the NBA draft not knowing if they will have two, one or zero gaping holes on their roster.

It’s not an enviable position.

The draft is Thursday, and six days later comes the start of free agency. Two-fifths of the Hawks’ starting lineup — DeMarre Carroll and Paul Millsap — will hit the open market and are free to sign with any team. Both could be gone. One or the other could depart. Both could return.

Drafting for need is illogical. The prevailing alternative would be to draft the best available player. Not necessarily.

“We do our best to separate the draft from free agency,” assistant general manager Wes Wilcox said. “Certainly, they are connected. Our focus in every draft is to identify the best player who fits us. There is the long-standing debate over drafting the best player versus drafting for a position of need. It’s certainly something we all juggle. We’ve become comfortable with being guided by what we call our draft objective, which remains the same every year, we want to draft a guy who fits without our culture, fits (coach Mike Budenholzer) and his system and can add to and become a piece of our core.”

Message from Atlanta Hawks to their fans

Message from Atlanta Hawks to their fans

Here’s what the Atlanta Hawks have to say about their own season and playoff run, which ended last night in a 4-0 sweep at the hands of the Cleveland Cavaliers in the Eastern Conference Finals:

We had the largest increase in attendance in the NBA and sold out Philips Arena 32 of the last 35 games.

We won a franchise-best 60 games, captured the Division Championship for the first time in 21 years and advanced to the Eastern Conference Finals for the first time in Atlanta history.

We had four players named to the Eastern Conference All-Star team - the most ever in club history.

We witnessed Mike Budenholzer named NBA Coach of the Year in just his second season at the helm.

We finished the month of January with a perfect 17-0 record, the most wins in an undefeated month in NBA history, earning our entire starting five the Eastern Conference Player of the Month honors.

We achieved record broadcast ratings on both television and radio, including the top 5 most-watched Hawks basketball games in club history.

We created an awe-inspiring and imposing home court environment, with an Eastern Conference-best 35-6 record at home.

We honored our greatest legacy, Dominique Wilkins, and erected a permanent statue to greet fans and players each time they enter the arena to celebrate his many accomplishments and contributions to our franchise.

And now, free agency for Paul Millsap

And now, free agency for Atlanta Hawks forward Paul Millsap

Power forward Paul Millsap was a huge part of the Atlanta Hawks’ success this season. Will he and the club part ways? Here’s the Atlanta Journal Constitution reporting:

The next stop for Paul Millsap is free agency.

The two-time All-Star, both in his seasons the Hawks, is an unrestricted free agent this summer. The Hawks would like to re-sign the power forward – along with several other teams.

The sting of a four-game sweep in the Eastern Conference finals was still fresh minutes after the Hawks 118-88 Game 4 loss to the Cavaliers Tuesday night when Millsap was asked about his future.

“I think looking at different options, looking at this team, looking at what we’ve built thus far, in weight my options I can’t make a decision right now,” Millsap said.

Cavs sweep Hawks, reach 2015 NBA Finals

Cavs sweep Hawks, reach 2015 NBA Finals

The AP reports: The championship LeBron James craves more than any other, the one he came back home to get, is within reach. The Cavaliers are in the NBA Finals. James scored 23 points, Kyrie Irving provided a boost after missing two games and Cleveland reserved a spot in the finals with a 118-88 victory over the Atlanta Hawks on Tuesday night to win the Eastern Conference title. By sweeping the top-seeded Hawks, the Cavs earned their second trip to the finals, where they will face either Golden State or Houston starting June 4.

The AP reports: It will be the fifth straight visit to the league’s showcase event for the inimitable James, who returned to Cleveland after four years in Miami to try and end this city’s championship drought dating to 1964. The Cavs are four wins from doing it, and if they can, James will have a title that would put him in a class by himself. Other players have won more championships, but none has ever done it for his ring-starved home region.

The AP reports: Jeff Teague scored 17 and Paul Millsap 16 for Atlanta, which won a team-record 60 games during the regular season and made the conference finals for the first time since 1970. But the Hawks were no match for the Cavaliers and had no answer for James, who nearly averaged a triple-double in the four games.

Reuters reports: In addition to his 23 points, James also made nine rebounds and had seven assists on Tuesday, doing most of his scoring in the first half as Cleveland opened up a commanding 59-42 by halftime. The Cavs were bolstered by the return of point guard Kyrie Irving, who had missed the last two games with a knee injury. Irving played 22 minutes and scored 16 points.

AFP reports: Cleveland will face either the Golden State Warriors or the Houston Rockets in the championship showdown. Golden State leads that series 3-1.

Incident with Matthew Dellavedova leads to Al Horford ejection

Here’s the Akron Beacon Journal reporting on a key sequence from Sunday’s Hawks-Cavs Eastern Conference Finals Game 3 in Cleveland, which the Cavaliers won in overtime to take a 3-9 series lead:

Incident with Matthew Dellavedova leads to Al Horford ejection

Matthew Dellavedova’s growing reputation as a dirty player — deserved or not — preceded him Sunday night.

And it seemed to play a part in another playoff entanglement, following his leg lock on the Chicago Bulls’ Taj Gibson in the conference semifinals and his collision with the Atlanta Hawks’ Kyle Korver on Friday that left Korver with a postseason-ending ankle sprain.

This time in a scramble for a rebound with 34.3 seconds left in the first half at Quicken Loans Arena, Cavs’ backup point guard Dellavedova tripped over the Hawks’ DeMarre Carroll and fell in a heap with Atlanta’s Al Horford. When he felt Dellavedova on his knees, Horford elbowed Dellavedova in the neck and shoulder area.

After a lengthy review, Horford received a flagrant-2 and an ejection and Dellavedova was called for a technical foul for what crew chief Ken Mauer called “a live ball physical taunt.”

The moment nearly stole the spotlight from a play-to-exhaustion triple-double from LeBron James as the Cavs edged the Hawks 114-111 in overtime in Game 3 of the Eastern Conference finals. The Cavs will attempt to sweep the visiting Hawks in Game 4 Tuesday night and earn a trip to the NBA Finals.

Atlanta Hawks guard/forward Kyle Korver suffered a right ankle injury with 1:01 remaining in the third quarter of last night’s game against the Cleveland Cavaliers. X-rays performed at Philips Arena last night were negative. A follow-up MRI and examination this morning at the Peachtree Orthopaedic Clinic confirmed a severe high right ankle sprain. Korver will see a foot and ankle specialist to determine the best course of treatment. He is out for the remainder of the postseason.

Cavs take 2-0 series lead vs Hawks

Cavs take 2-0 series lead vs Hawks

The Cleveland Cavaliers are rocking, and leave Atlanta with two wins, heading to Cleveland for Game 3. No Kyrie Irving in Game 2, no Kevin Love for the rest of the playoffs, yet no problem so far for LeBron James and company. Here’s the Akron Beacon Journal reporting:

The Cavaliers are down to one superstar and plenty of helping hands.

The Hawks might be down to their last rites.

LeBron James had 30 points, nine rebounds and 11 assists and the Cavaliers beat the Atlanta Hawks 94-82 Friday in Game 2 of the Eastern Conference finals to take a commanding 2-0 series lead. And they did it without Kyrie Irving.

Irving was held out of Friday’s game because of tendinitis in his left knee, yet his absence was barely noticeable.

Matthew Dellavedova had 11 points, six rebounds and four assists in place of Irving, Iman Shumpert scored 16 points and the Cavs held the high-powered Hawks to 42 percent shooting while dismantling the best team in the East on their own floor.

Tristan Thompson grabbed 16 rebounds and Timofey Mozgov had 10 points and seven rebounds.

Cavaliers guard Kyrie Irving and Cavaliers head team physician Dr. Richard Parker traveled today to see Dr. James Andrews of the Andrews Institute. Irving’s left knee was evaluated and his diagnosis (tendinitis) confirmed and treatment plan agreed upon. Irving will be with the team tonight in Atlanta, but will not play. He will continue treatment and is currently listed as Questionable for Sunday’s game in Cleveland.

DeMarre Carroll health update: knee sprain, questionable for Game 2 vs Cavs

Atlanta Hawks forward DeMarre Carroll suffered a left leg injury with 4:59 remaining in the fourth quarter of last night’s game against the Cleveland Cavaliers. An X-ray was negative and an MRI revealed a left knee sprain. Carroll will be listed as questionable and his status will be updated as appropriate.

Cavs take 1-0 series lead vs Hawks

Cavs take 1-0 series lead vs Hawks

J.R. Smith knocked down a tough 3-pointer, then another. Turning toward the fans, their heckling transformed to groans, he blew off his right index finger and motioned toward his side, like he was holstering his pistol.

Yep, Smith was that hot.

While LeBron James led Cleveland with 31 points, it was Smith who ignited the Cavaliers in Game 1 of the Eastern Conference finals. He made eight 3-pointers and scored 28 points in a 97-89 victory over the top-seeded Atlanta Hawks on Wednesday night.

”When he gets hot,” Cleveland coach David Blatt marveled, ”he gets smoking hot.”

Intent on bringing Cleveland its first NBA title, James sealed the victory with a soaring dunk in the final minute.

– AP

J.R. Smith steps up in Game 1 vs Hawks

J.R. Smith steps up in Game 1 vs Hawks

LeBron James and the Cleveland Cavaliers defeated the top-seeded Atlanta Hawks 97-89 on Wednesday to open the NBA Eastern Conference finals.

With a berth in the NBA championship finals on the line in the best-of-seven series, J.R. Smith set a Cavaliers club record for three-pointers, draining eight from beyond the arc.

His 28 points accounted for all of the scoring by Cleveland reserves.

“I was just trying, if anything, to take good shots,” Smith said. “I got in a rhythm early and just stayed aggressive.”

– AFP

Kyrie Irving health status for Eastern Conference Finals: good to go

Kyrie Irving says he will play in Game 1 vs Hawks

The Cleveland Cavaliers are still without Kevin Love, who is out for the rest of the playoffs and inactive for months beyond that, but banged-up guard Kyrie Irving appears healthy enough to play in Game 1 against the Atlanta Hawks in the 2015 Eastern Conference Finals. Here’s the Akron Beacon Journal reporting:

Kyrie Irving worked overtime Monday, bouncing around the court during a shooting drill with LeBron James long after the formal portion of practice had ended.

Irving is still fighting injuries to both his left knee and right foot, but he moved fluidly and without a limp. And most importantly, he declared himself ready for Wednesday’s opening game of the Eastern Conference finals at the Atlanta Hawks.

“I’m going to go,” he said.

Irving’s availability was never really in doubt, although Cavaliers coach David Blatt cast a temporary shadow when he said he was hopeful Irving would be ready. After Irving was a full participant on Monday, Blatt said he was “encouraged’ by the progress his star guard made in a relatively short amount of time.

It was a play added to the Washington Wizards’ offense a day earlier, and it was drawn up for a guy, Paul Pierce, who’s been doing this sort of thing for the better part of two decades.

With three defenders near him, Pierce made a fallaway, 21-foot jumper that went in off the backboard at the buzzer to lift the Wizards over the Atlanta Hawks 103-101 on Saturday night, despite playing without John Wall and after letting a 21-point lead evaporate…

Schroder and Jeff Teague led Atlanta with 18 points apiece. … Paul Millsap was out of the starting lineup because of flu-like symptoms and looked lethargic once he was on the court. He had eight points and two rebounds.

– Associated Press

Wizards take 1-0 series lead vs Hawks

Wizards take 1-0 series lead vs Hawks

The second round of the 2015 NBA playoffs began today with a road win by the Washington Wizards in Atlanta. Here’s the Washington Post blog reporting:

The Wizards repeated the feat Sunday, rolling off the Atlanta Hawks’ explosive punches to erase a 12-point third-quarter deficit and stun the hosts, 104-98, and seize control of another series at Philips Arena. With the victory, Washington improved to 8-1 on the road in the playoffs the past two seasons under Coach Randy Wittman. The Wizards are the first team in NBA history to win four straight Game 1s on the road.

Bradley Beal headed the effort with 28 points but sprained his right ankle in the fourth quarter. He returned but was held scoreless the rest of the way. John Wall played through a left wrist injury he suffered in the second period to post 18 points, 13 assists, and seven rebounds. Marcin Gortat added 12 points and 12 rebounds.

DeMarre Carroll erupted for 21 points in the first half — the most a Hawks player has scored in a half this season – but was held to just three in the second half. His 24 points led five Hawks in double figures. Al Horford (17 points and 17 rebounds) and Paul Millsap (15 points, 12 rebounds, and eight assists) each registered double-doubles but Atlanta was held to 35 points in the second half after recording 37 in the first quarter alone.

Atlanta Hawks sale agreement reached

Atlanta Hawks sale agreement reached

The Atlanta Hawks today announced that a definitive agreement has been signed for the purchase of the NBA franchise by an ownership group led by Tony Ressler, co-founder of Ares Management. The group also includes seven-time NBA All-Star Grant Hill, Clayton Dubilier & Rice partner Rick Schnall, and Spanx founder Sara Blakely and Marquis Jet co-founder Jesse Itzler, who are married.

The transaction, which includes operation of Philips Arena, requires the approval of the NBA Board of Governors. Terms of the sale were not released.

“We are honored and thrilled to have been chosen to become the new stewards of the Hawks,” said Ressler. “We respect the NBA’s approval process and, accordingly, can say no more other than we are incredibly excited by the Hawks’ success and wish them luck in the playoffs.”

“We are excited to welcome this new ownership group and are deeply gratified by its commitment to the Hawks and the Atlanta community,” said Hawks CEO Steve Koonin. “We are pleased that the group is committed to continue building on the franchise’s storied history and recent success.”

The sellers were advised by Goldman, Sachs & Co. and Inner Circle Sports, and the buyer by Moelis & Co.

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