ATLANTA (AP) -- 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 person spoke Friday on condition of anonymity because the agreement has not been announced.
The Hawks won a franchise-record 60 games and lost to Cleveland in the Eastern Conference final.