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Sources: Hawks plan to promote coach Mike Budenholzer to president, part ways with Danny Ferry (Yahoo Sports)

The Atlanta Hawks plan to promote coach Mike Budenholzer to the franchise’s ultimate basketball decision-maker, clearing the path to part ways with exiled general manager Danny Ferry, league sources told Yahoo Sports.

Hawks head coach Mike Budenholzer will essentially run the franchise. (Getty)

Budenholzer will become president and head coach, partnering in the front office with Wes Wilcox, who will become the Hawks’ general manager, league sources told Yahoo Sports.

The Hawks’ new ownership group, led by Tony Ressler, cannot negotiate those agreements until the NBA’s Board of Governors approves the sale to Ressler at a meeting on June 24 in New York.