Friday, June 19, 2015

AP source: Hawks reach buyout agreement with GM Danny Ferry (Yahoo Sports)

ATLANTA, GA - MAY 29: General Manager Danny Ferry speaks during the press conference introducing Mike Budenholzer as the new Head Coach of the Atlanta Hawks during a press conference on May 29, 2013 at Philips Arena in Atlanta, Georgia. (Photo by Scott Cunningham/NBAE via Getty Images)

A person with knowledge of the deal tells The Associated Press the Atlanta Hawks have agreed to a buyout of the final two years of general manager Danny Ferry's contract. The person says the buyout will be paid by the current ownership group, which has reached a deal to sell the team for $850 million to a group led by billionaire businessman Antony Ressler. The Hawks won a franchise-record 60 games and lost to Cleveland in the Eastern Conference final.




from Yahoo Sports http://us.rd.yahoo.com/sports/rss/top/SIG=134m9hq41/*http%3A//sports.yahoo.com/news/ap-source-hawks-reach-buyout-agreement-gm-danny-232438732--nba.html

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