Report: Sale of Atlanta Hawks “moving fast”

1 Comment

We still don’t know who the buyer is, but apparently the sale of the Atlanta Hawks is moving along quickly.

The Atlanta Spirit — the name of the ownership group — recently sold the NHL’s Thrashers (which moved to Winnipeg) and now are on track to sell the NBA team.

The Atlanta Journal Constitution has the report.

People familiar with the process say representatives of a potential buyer are doing due diligence — examining financial records — as the process moves toward a possible offer and more detailed negotiations for the basketball team and Philips Arena operating rights.

The people familiar with the situation, speaking exclusively with The Atlanta Journal-Constitution, would not identify the potential bidder because of confidentiality agreements, but described the process as moving fast. They said no offer or exclusive negotiating agreement is in place but that the potential bidder, who might have partners, has the financial wherewithal to complete a transaction.

While the sale price is not known, Forbes values the Hawks at $295 million. Expect toe Spirit or maintain a minority share in the team.

After the anonymous bidder does his due diligence, the usual procedure is for the Spirit and owner to set up an “exclusive right to negotiate” deal that locks out other bidders for a time. Then the two sides haggle over a price. If they can come to a deal, then they still need the approval of the other NBA owners.

Unlike the Thrashers, the Hawks are not going anywhere. First, the new owner is buying the building operating rights, not a sign he wants to move on. Also, the AJC reports there would be $195 million in loans that would need to be paid off first, which is a steep price to move a team.

The Spirit did have an exclusive negotiating period with John Moores, the man in the process of selling the San Diego Padres. However, no deal was reached.

Kevin Durant blocks Dejounte Murray twice on one shot (VIDEO)

2 Comments

Kevin Durant was doing it all in the first half — he had 18 points to lead the Warriors (tied with Stephen Curry) and was making plays all over the court.

That includes racing back on this play and blocking Dejounte Murray‘s layup. Twice. On one shot.

The Warriors have led by 20 and been in control through the start of the third quarter. KD was at the heart of that.

Draymond Green flops to sell call, Gregg Popovich just laughs

1 Comment

That was a foul. Jonathan Simmons caught Draymond Green in the face as he reached in.

But the delayed then overly-dramatic reaction by Green is a classic flop.

We’ll see if the NBA fined Green for this, but Spurs’ coach Gregg Popovich was amused.

Spurs’ LaMarcus Aldridge nails three from one knee during warmups (VIDEO)

2 Comments

Take that Stephen Curry.

Gregg Popovich would pull him so fast he’d look like a fidget spinner if he tried this in a game, but during warmups before Game 4 Monday night LaMarcus Aldridge knocked down a deep three from one knee.

If Aldridge is taking a lot of threes that’s not a good sign for the Spurs, but we’ll see if he can have a big night and keep the Spurs alive in this series.

Stephen Curry drains shots from near half court during warmups like they’re layups

Getty Images
3 Comments

Stephen Curry‘s pregame warmups draw people into the arena early, it’s a show in and of itself.

Before Game 4 Monday night, Curry was taking a couple shots from the center-court logo. And draining them. Like layups. Because he can.

We’ll see if he can put on that kind of show when the game tips off.