Category: Atlanta Hawks Blog

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.

Atlanta Hawks sale agreement may come soon

While the Atlanta Hawks are enjoying an amazing season and busy winning playoff games, team ownership is reportedly succeeding in finding new owners. Here’s Yahoo Sports reporting the latest development:

Private equity billionaire Antony Ressler is leading a group that is finalizing a deal to purchase the Atlanta Hawks, league sources told Yahoo Sports.

Ressler’s group will purchase the team from majority owner Bruce Levenson for a figure somewhere between $700-plus million and $900 million, sources told Yahoo Sports.

Former NBA All-Star Grant Hill and Atlanta entrepreneur Jesse Itzler will be investors in the group, sources said.

Mike Budenholzer wins 2014-2015 NBA Coach of Year award

Atlanta Hawks head coach Mike Budenholzer, who guided the team to the best regular season in franchise history, is the recipient of the Red Auerbach Trophy as the 2014-15 NBA Coach of the Year, the NBA announced today.

Budenholzer received 67 first-place votes and 513 total points from a panel of 130 sportswriters and broadcasters throughout the United States and Canada. The Golden State Warriors’ Steve Kerr, who led the Pacific Division champions to a franchise-record and NBA-high 67 victories in his first season as an NBA coach, finished second with 56 first-place votes and 471 total points. Jason Kidd of the Milwaukee Bucks was third with one first-place vote and 57 total points. Coaches were awarded five points for each first-place vote, three points for each second-place vote and one point for each third-place vote.

Budenholzer led Atlanta to a 60-22 record in his second season, three games better than the previous team high of 57-25 set in 1986-87 and matched in 1993-94. The Hawks earned both the No. 1 playoff seed in the Eastern Conference and a division title (Southeast Division) for the first time since 1993-94 — the last season they had the NBA Coach of the Year (Lenny Wilkens). Atlanta made the playoffs for the eighth consecutive year, the longest active streak in the East.

After posting a 38-44 record last season, Budenholzer oversaw a 22-win improvement rooted in balance on offense and teamwork on defense. According to NBA.com/Stats, Atlanta tied for sixth in the league in offensive rating (points scored per 100 possessions) and ranked seventh in defensive rating (points allowed per 100 possessions). Six players averaged double figures in scoring, but none eclipsed 17 points per game. The Hawks set a franchise record for three-pointers with 818, ranked second in the NBA in assists (25.7 apg) and finished in the top five in field goal percentage (fourth), three-point field goal percentage (second) and free throw percentage (fifth).

Atlanta opened the season 5-5 before winning 35 of its next 38 games, a stretch that included a franchise-record 19-game winning streak. The 35-3 run also featured a 17-0 January, the best calendar month in NBA history and a perfect run that earned the Hawks’ starting five the Kia NBA Eastern Conference Player of the Month and Budenholzer his second NBA Eastern Conference Coach of the Month award of the season. The honors continued when a team-record four Hawks players were selected to the NBA All-Star Game, coached on the East team by Budenholzer.

Thabo Sefolosha suffers major injuries from incident outside NYC nightclub

Atlanta Hawks forward Thabo Sefolosha suffered injuries during yesterday’s early morning incident where he was arrested near the 1OAK nightclub in New York City after Pacers forward Chris Copeland had been stabbed. But did these injuries occur due to the arrest from police, or did something else happen with Thabo beforehand that we don’t know about? We do not know this.

An examination of Sefolosha’s right leg, including an X-ray at Barclays Center yesterday and an MRI today at Peachtree Orthopaedics revealed a fractured fibula and ligament damage that will require surgery. He is out for the remainder of the season, including the entire postseason, and a timeline for his return will be updated at a later date.

“This is a very difficult situation for Thabo and our thoughts and support will be with him during his recovery. We know that his approach and dedication will serve him well in his rehabilitation,” Head Coach Mike Budenholzer said. “Our team remains focused and will be prepared as we head into the postseason.”

  Thabo Sefolosha — Video of Brutal Clash with Cops … Headlocked & Taken Down
– Watch More
Celebrity Videos
or
Subscribe

Hawks sign Austin Daye to multi-year contract

The Atlanta Hawks have signed forward Austin Daye to a multi-year contract, it was announced today by Head Coach Mike Budenholzer. He signed consecutive 10-day contracts with the Hawks on March 15 and March 25.

Daye has appeared in five games with the Hawks, and also played in 26 contests earlier this season with the San Antonio Spurs.

Hawks sign Austin Daye to second 10-day contract

The Atlanta Hawks (53-17, having amazing season, but struggling a bit recently) have signed forward Austin Daye to a second 10-day contract, it was announced today by Head Coach Mike Budenholzer.

Daye has appeared in two games with the Hawks. He also played in 26 contests (four starts) earlier this season with the San Antonio Spurs, averaging 4.0 points and 2.3 rebounds in 10.3 minutes.

In 10 games this season with the Erie BayHawks of the NBA Development League, Daye averaged 16.0 points, 7.0 rebounds, 2.5 assists and 1.1 blocks in 28.5 minutes.