atlanta hawks minority owners

[54] On March 20, 2015, the Hawks clinched their first division title in over two decades and became the first team not based in Florida to win the NBA's Southeast Division;[55] one week later, with a win over Miami as well as a Cleveland loss to Brooklyn, the Hawks clinched the top seed in the Eastern Conference playoffs. Moelis & Company LLC served as financial advisor to the Hawks during the transaction. What he's doing now with Atlanta might be his finest work yet", "Infographic: History of the Hawks Logo and Jersey", "The Atlanta Hawks Basketball Club Unveils The Most Cutting-Edge Uniform In Pro Sports", "Stance is now the official sock of the NBA", "City Edition uniforms: Eastern Conference teams in 2018-19", "Hawks unveil new 'Peachtree' Nike City Edition uniforms", "Atlanta Hawks Honor the Legacy of Dr. Martin Luther King Jr. with First-Ever MLK Nike City Edition Uniform", "Atlanta Hawks NIKE 2021-22 NBA City Edition: Moments Mixtape", "Atlanta Hawks 22/23 City Edition Uniform: Peachtree Street", "NBA Salary Cap FAQ 2011 Collective Bargaining Agreement", "Hawks Select John Collins, Tyler Dorsey and Alpha Kaba In 2017 Draft", "Hawks Select Jeff Teague in First Round of 2009 NBA Draft", "Hawks To Honor Mayor Kasim Reed With Ceremonial Jersey Retirement", "Harden, Rockets scorch Hawks in first half of 119-104 win", "Bill Russell's No. The Hawks finished the 201112 season with the fourth-best record in the Eastern Conference with 40 wins,[40] clinching the playoffs for the fifth straight season. They upset the third-seeded Pacers in the first round in five games, however lost in five games to the Orlando Magic in the semifinals. They also used the 10th pick, that they acquired when they traded Luka Doni for Trae Young, to acquire Cam Reddish.[79]. I was like, why would we ever try to reinvent the wheel? Ressler said. Roster Last transaction: February 26, 2023. The club was organized by Leo Ferris and the Erie County American Legion and was coached by Nat Hickey. The Hawks family also includes the College Park Skyhawks (NBA G League) and Hawks Talon Gaming Club (NBA 2K League). The last time they won a season opener was in 1998, also the last time they made the playoffs. As a result, it never stopped rusting, and looked somewhat dated despite being 25 years old. More details have emerged in the Washington Commanders owner Dan Snyder's buyout of three limited partners last year. [13] The team, which needed to draw 3,600 fans per game to break even, struggled to draw 1,000 fans per game to the Auditorium. The Bisons were a member of the National Basketball League, and played their games at the Buffalo Memorial Auditorium. The Hawks logo has shifted between variations of a full-bodied hawk holding a basketball on its claws and a silhouette of a hawk head (more commonly known as the Pac-Man logo). In turn, Detroit sent guard Bob Sura, center eljko Rebraa, and a first-round draft pick to the Hawks. [32] They also signed Zaza Pachulia from the Milwaukee Bucks. New Phoenix Suns talent Kevin Durant owns 5% . Truly inspirational. The Golden State Warriors and the Boston Celtics are vying for the NBA's most coveted honor, and so are PE firms. The 33-year-old arena seated only 10,000 and was starting to show its age. Visit ESPN for the box score of the Portland Trail Blazers vs. Atlanta Hawks NBA basketball game on 4 March 2023. . Atlanta Hawks minority owner Michael Gearon Jr. wrote a letter to Bruce Levenson in June asking for the resignation of GM and president of basketball operations Danny Ferry following comments he . All three describe Jesse Itzler's life, and those aspects will collide again Wednesday when the team he owns faces off against his beloved hometown team in. Hill managed to join Ressler's group, as did Spanx founder Sarah Blakely, her husband Jesse Itzler, and two others. With half the roster gone, 201213 proved to be a roster turnover year, paving a path to success for Mike Budenholzer. The team ended up 3349 for the 200102 season. Rider's troubled conduct continued after his arrival in Atlanta. Dyal HomeCourt Partners has purchased a nearly 6% stake in the Atlanta Hawks, the third NBA team the fund has invested in since last summer. The team has disciplined Ferry internally, but he reportedly will not be . [28] In his lone game for the Hawks, Wallace scored 20 points, had 6 rebounds, 5 blocks, 2 assists and a steal in a loss to the New Jersey Nets. The Hawks were valued at $1.83 billion in Sporticos most recent rankings, No. As part of the NBA's switch to Nike, the home and road designations were replaced by "Icon", "Association" and "Statement". The club's US ownership group has announced this month that it is examining a partial sale which it is . That donation will help the RCIE facilitate partnerships between Black entrepreneurs and corporate partners, as well as provide those entrepreneurs with financial support and increase access to capital. [8], Upon relocation to Moline, the team was renamed the Tri-Cities Blackhawks, and played their home games at Wharton Field House, a 6,000-seat arena in Moline. An exclusive from The Telegraph's Sam Wallace and Chris Bascombe: Liverpool's owners Fenway Sports Group (FSG) are looking at major media companies as potential investors to take a minority stake in the club, Telegraph Sport understands. Grant Hill, who is a minority owner of the Hawks. After reports that he smoked marijuana in an Orlando hotel room during a January road trip, the league demanded that he attend drug counseling, and fined him a total of $200,000 until he agreed to go. Dyal purchased their stake from minority owners, keeping principal. Blue Owl is the merger of two asset managers, Dyal Capital and Owl Rock Capital, which were combined and brought public earlier this year in a SPAC acquisition. Senior level Hawks executives also will be mentoring entrepreneurs in RCIE programs. The Hawks occasionally played at the larger St. Louis Arena, mostly against popular opponents, but Kerner was not willing to move the team there full-time because it had not been well-maintained since the 1940s. After the change in ownership, the Hawks still struggled. As Atlanta ranks among the lowest cities in the nation for economic mobility for Black people, the RCIE aims to act as a catalyst for change and create 2,000 jobs and 250 startup companies in the city, and give resources to 700 businesses so they can grow by five to 10 employees. The Hawks currently own the second-longest drought (behind the Sacramento Kings) of not winning an NBA championship at 63 seasons. 2 Chainz is no stranger. Around this time, it was decided that the Omni should be replaced by a new arena. HomeCourt is managed by Dyal Capital, a division of Blue Owl, a leading alternative asset manager with $82.9 billion in assets under management. Hawks owner Tony Ressler certainly fits that prototype and it . They lost in the First Round to the Washington Wizards in six games. Included in this list are former pitcher Christy Mathewson, former Harvard football coach . MARTI Transportation is a veteran-owned and veteran-operated company featuring a state-of-the-art, Super Premium SUV, Executive Sprinter . The season started with a victory against the Dallas Mavericks 10194, sending hope to Hawks fans. They then defeated the Lakers in the division finals to advance to the Finals, losing to the Boston Celtics in a double-overtime thriller in game seven. Atlanta Hawks principal owner Tony Ressler told ESPN that his franchise has underachieved in relation to its roster talent and that the organization . The St. Louis Hawks moved to Atlanta in 1968, when Kerner sold the franchise to Thomas Cousins and former Georgia Governor Carl Sanders.[10][11]. Managing Partner of the Atlanta Hawks from 2005-2006 to 2005-2006. [69] It was speculated that the Hawks general manager, Travis Schlenk, was following the same plan for a rebuild that he had success with in Golden State. We made it a priority to commit the resources to build a world-class team worthy of a world-class city, and so far, we have invested in top players, transformed State Farm Arena, built a state-of-the-art training and sports medicine facility, brought a G League team to College Park, launched initiatives to grow Black businesses, and re-invested in our communities across the city. [44] The 'Pac-Man' logo (placed in a roundel) would become the team's primary logo after the conclusion of the team's 201415 season. [45] Some in the African American sports community have defended Levenson, namely Jason Whitlock[46] and Kareem Abdul-Jabbar,[47] commenting that Levenson's email had no racist intent, but was motivated by valid business concerns. The Hawks were swept by the Cleveland Cavaliers 40 in the Conference Semifinals. On March 31, 2004, the team was sold to a group of executives by the name of Atlanta Spirit LLC[31] by Time Warner (who inherited the Hawks, Braves and Thrashers upon its merger with Turner Broadcasting in 1996). The Hawks ended their 200304 season with a 2854 record. The season was also marred by the trading of Dominique Wilkins, who remains the franchise all-time leading scorer, to the Los Angeles Clippers for Danny Manning, who quickly left via free agency to the Phoenix Suns after the season ended. Here's how the league's current owners earned the cash to make it happen. The Hawks sent Kukoc to the Milwaukee Bucks for All-Star Glenn Robinson in 2002, Robinson lead the team with 20.8 ppg. Greater Atlanta Area. From 1985 to 1989, the Hawks were among the league's elite, winning 50 games or more each season. They purchased the team in 2015 for about $730 million, a price tag that doesnt include $120 million in outstanding bonds used to construct the teams arena. They also returned to the red, black and yellow color scheme they wore from 1992 to 2007, while adding gray as an accent color. For Tonys gift over five years, its just like basketball, youve got to have the right team on the court to win, Bailey said. Abdur-Rahim became the team's scoring leader, and made his only All-Star appearance in 2002. Tony Ressler and his ownership group purchased the Atlanta Hawks for $730 million in 2015. . Hawks minority owner Michael Gearon reportedly wrote a letter to Levenson requesting Ferry's resignation or firing. At the beginning of the 199495 season, the Hawks traded forward Kevin Willis to the Miami Heat for Steve Smith and Grant Long. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Blue Owl Capital Inc. Fourth Quarter 2022 Results, Blue Owl Capital Inc. to Present at the Bank of America Financial Services Conference 2023. Atlanta has the right pieces in place, from HBCUs, Georgia Tech and Georgia State to other corporations based here, to help Black entrepreneurs succeed, Bailey said. In early 1967, Kerner briefly put the Hawks up for sale. Blue Owl's flexible, consultative approach helps position the firm as a partner of choice for businesses seeking capital solutions to support their sustained growth. After the season, the Hawks dismissed head coach Mike Woodson and was replaced by Larry Drew.[36]. [25] The Hawks were the only NBA team in the Deep South, just as the Atlanta Braves were the only Major League Baseball team in the region for many years to come. Thats it. Georgia state Sen. Randy Robertson, R-Cataula, presents Senate Bill 63, Thursday, Feb. 23, 2023, at the Georgia State Capitol in Atlanta. Red and white have been a part of the team's palette for the most part since the 1950s, but the Hawks also used various accent colors as well. Rider missed the first day of training camp and was late for two games. The following season, they drafted three-time All-American Bob Cousy, but they were unable to reach a deal and traded him to the Chicago Stags (who would later surrender him in a dispersal draft to the Boston Celtics when the Stags folded). They ended up fifth in the Central Division with a 4240 record, they would be swept by the Indiana Pacers in the first round of the playoffs. 1 need was although capital was the expected answer, the need for community actually ranked first. The Hawks compete in the National Basketball Association (NBA) as a member of the league's Eastern Conference Southeast Division. SPACs: What a Special Purpose Acquisition Company Means for Sports. Updated on: September 7, 2014 / 11:50 PM / CBS/AP. [74] During the off-season, the team signed Vince Carter and Alex Len among other players. Dyal HomeCourt NBA Fund Discloses $200 Million in Assets, Dyal Said to Have Term Sheets Ready to Invest in Six NBA Teams, Hawks' Leadership Creates Value as Protests Engulf Sports World. Blame the warm weather, The Jolt: Busy, long day at the Georgia Legislature. Also in 1972, the Hawks debuted a new logo and new colors, trading the green and blue color scheme that the team had used for two years, in favor of white, gold, and red, the same colors the Flames used. One of the RCIEs primary goals is assisting those entrepreneurs in forming relationships that can help them succeed. Coach Brown won coach of the year in 1978. NBA Governor of the Atlanta Hawks from 2005-2006 to 2005-2006. Chairman Stephen Ross owns about 95% of the team. In 1958, after tallying their first winning record, they again advanced to the Finals, where they avenged their defeat against the Celtics from the previous year, winning the series 42 and giving the Hawks their first and only NBA Championship. Quin Snyder Will Coach The Atlanta Hawks. According to Sportpromedia, Hawks minority partners were asked by Ressler if they wanted to sell their stakes to a new. [85], In March 2021, head coach Pierce was fired after the team's 1420 start to the season and Nate McMillan was named interim head coach. Sloan was waived a month later. [68] The Atlanta Hawks also selected Kevin Huerter with the 19th pick and Omari Spellman with the 30th pick of the 2018 NBA draft. National Basketball Association franchise in Atlanta, Georgia, 19461953: Buffalo, Tri-Cities and Milwaukee, 19541965: St. Louis and The Bob Pettit era, Learn how and when to remove this template message, "Hawks look to past with new uniform set", "Atlanta Hawks Reproduction and Usage Guideline Sheet", "Sharecare and Hawks Launch Jersey Patch Partnership And Innovative Health Movement", "Group Led By Tony Ressler Completes Purchase of Atlanta Hawks", "Team that's now Atlanta Hawks bailed on Buffalo 70 years ago", "Long-forgotten Leo Ferris helped devise NBA's 24-second clock, first used 61 years ago today", "1966-68: "Sweet Lou" Makes His DebutFranchise History", "The Naismith Memorial Basketball Hall of Fame Hall of Famers", "Have You Ever Heard of William 'Pop' Gates TFB", "Turner buys the Hawks, Day After Baseball Ban", "Wallace lands in Detroit in three-team deal", "Atlanta Spirit LLC Announces Close of Sale for Teams, Arena", "Hawks Announce Sign And Trade For Joe Johnson", "Hawks Acquire Mike Bibby from Sacramento", "Report: Atlanta Hawks, Philips Arena sold", "Alex Meruelo has agreement to purchase Atlanta Hawks", "Hawks and Meruelo Terminate Agreement THE OFFICIAL SITE OF THE ATLANTA HAWKS", "Hawks Lose Lou Williams For The Season NBA.com | Hang Time Blog", "Hawks' Horford to have season-ending surgery", "Atlanta Hawks owner Bruce Levenson to sell team after racist email", "Kareem Abdul-Jabbar: Bruce Levenson Isn't a Racist; He's a Businessman", "Breaking News: 100 percent of Hawks up for sale (updated)", "Hawks owners unanimously approve plan to sell team", "NBA unanimously approves sale of Atlanta Hawks", "Hawks finalizing sale with billionaire Antony Ressler", NBA: "Group Led By Tony Ressler Completes Purchase of Atlanta Hawks", "Hawks win and clinch East, then act like it's no big deal (which is good)", "Jeff Teague traded to Pacers in 3-team deal", "Al Horford, Celtics agree on deal; agent says 4 years, $113 million", "Dwight Howard, Hawks reach deal; Al Horford status in question", "Hawks pick at No.19: John Collins, Wake Forest forward", "Denver Nuggets sign free agent Paul Millsap", "Hawks Part Ways With Head Coach Mike Budenholzer", "Hawks Reach Agreement in Principle With Lloyd Pierce To Become Team's Head Coach", "Sixers assistant Lloyd Pierce gets Atlanta Hawks head coaching job", "Hawks acquire Trae Young in NBA draft trade", "How the Atlanta Hawks are Trying to Rebuild in the Image of the Warriors", "Brooklyn Nets Complete Trade With Atlanta Hawks", "Schroder wanted a trade from the Hawks because he can't 'try to lose', "Three-team trade sending Carmelo Anthony to Atlanta now official", "Carmelo Anthony finalizes Hawks buyout; clearing waivers next step", "Atlanta Hawks fill out roster with additions of Vince Carter and Daniel Hamilton", "Jeremy Lin finalizing buyout with Hawks, to sign with Raptors", "Jeremy Lin Reveals The Reason He Chose To Join The Raptors", "2019 NBA Draft: Atlanta Hawks Go All In, Complete Young Core", "Trae Young announced as starter for 2020 NBA All-Star Game", "Report: Clint Capela Traded to Hawks in 4-Team Blockbuster", "Clint Capela feeling 'way, way, way better' as offseason arrives", "Report: Hawks officially sign Bogdan Bogdanovic after landing Gallinari, Rondo, Dunn; sleeper for James Harden? The Rap or Go to the League artist announced today that he is a minority owner in the Atlanta Hawks' NBA G League affiliate, the College Park Skyhawks. [72] Carmelo Anthony was acquired in the trade involving Schrder,[73] but was later waived through a buyout. Hawks ownership has shown they are willing to make the big move via trade or free agency no matter the risk it involves. On May 1, 2014, the Hawks unveiled a new secondary logo, which is a modernized version of the 197295 "Pac-Man" logo. In 1949, the Blackhawks became one of the National Basketball Association's 17 original teams after a merger of the 12-year-old NBL and the three-year-old Basketball Association of America (BAA). Kirby Smart: No culture problem, no policy change as a result of fatal crash, Felony charges dismissed against Georgias Rara Thomas, Thirty-nine years at the AJC, and I owe it all to Guy McIntyre, Darnell Washington is a unique NFL prospect, Bulldogs fall in SEC Womens Tournament quarterfinals, Dejounte Murrays career night propels Hawks over Trail Blazers, Exclusive Q&A: Hawks owner Tony Ressler on recent changes within team leadership, Hawks visit to local record label brings team closer together, Itchin mad about the early pollen in Atlanta? They've lingered at or below .500 for much of the season, which prompted Hawks owner Tony Ressler to make a change to the front office. They also chose point guard Raulzinho Neto with the 47th pick and small forward James Ennis with the 50th pick. Despite appearing to be moving in the right direction when they ended up with the first and third picks overall in the 1975 NBA draft, the players drafted with those two picks, David Thompson of North Carolina State and Marvin Webster of Morgan State, both signed with the Denver Nuggets of the American Basketball Association (ABA) and never played for the Hawks. It doesnt make it a lesser business, its makes the business less connected maybe, but not less valuable.. In December 2011, the Hawks signed Tracy McGrady, Jerry Stackhouse, Jason Collins, Vladimir Radmanovic, Jannero Pargo, and Willie Green. With almost an intact lineup from the previous year, the Hawks manage to take a step forward in their development. They signed two proven veteran players, Bogdan Bogdanovic at the wing position and Danilo Gallinari at the power forward spot. Atlanta business icon Herman J. Russell, who died in 2014 and was one of the initial owners of the Hawks. The current ownership group, known as Atlanta Spirit, bought the Hawks, the NHL's Atlanta Thrashers and operating rights to Philips Arena for $250 million in 2004. In 2001, the Hawks drafted Spanish star Pau Gasol 3rd, but his rights were ceded to the Memphis Grizzlies in a trade involving Shareef Abdur-Rahim. First, they are contributing $5 million to the RCIE, the largest nonprofit center for Black entrepreneurs in America, offering financial resources to Black-owned businesses and entrepreneurs throughout the city. ATLANTA Highly successful billionaires tend to be wound a little differently than the rest of us and have their combustible side. However, the Western Division was extremely weak that year; no team in the division had a winning record. The Hawks drafted Stacey Augmon with their ninth overall pick in the 1991 NBA draft, who would make the All-Rookie First Team. The 200809 season saw the Hawks win 47 games, their first winning season since 1999. On September 7, 2014, Bruce Levenson announced he would sell his share of the team, after self-reporting an inappropriate email he sent in 2012. In 2021, the Hawks made a surprise run to the Eastern Conference Finals led by Trae Young and a young group of hungry players around him. They won the division title and a bye to the division finals after defeating the Minneapolis Lakers and Fort Wayne Pistons in one-game tiebreakers. Atlanta Hawks Principal Owner Tony Ressler was not a participant in the sale and will maintain his majority stake in the franchise. Tony Ressler Ressler, the Hawks' new principal owner, made his. A drafted player, either an international draftee or a college draftee who is not signed by the team that drafted him, is allowed to sign with any non-NBA teams. The Hawks eliminated the Magic 42 in the first round of the 2011 playoffs. But the Hawks still failed to make the playoffs for the 200203 season, finishing with a 3547 record. It was their first division title in the Central Division and second in the city of Atlanta. [81] Capela was healing from a foot injury at the time and did not play for that entire season, which was cut short due the NBA's COVID-19 protocols. One such contender could be the US media giant Liberty Media, which owns Formula One as well as the Atlanta Braves of Major League Baseball. With stories from Basketball, Sports, California Sports, Los Angeles Sports, College Sports, New York City Sports, Texas Sports, College Basketball, American West. Atlanta hawks minority owner mit shah interviewing his dad about their come up in America all the way from India starting in the 1960s. Atlanta Hawks controlling owner Bruce Levenson announced Sunday that he will sell the team after self-reporting an offensive e-mail that he sent in 2012. Hope and redemption appeared to be on the horizon for the Hawks beginning in 2007. The Hawks were one of the original franchises of the National Basketball Association (NBA) when the league was established in 1949. We lose GDP every year because we have not figured out how to make the economy work and innovation work for those south of I-20. But 62 games into the season, the Hawks have not met them. They drafted point guards Dennis Schrder (17th pick) and Shane Larkin (18th pick). [105] This list also includes draft rights that were acquired from trades with other teams. Atlanta Hawks co-owner Bruce Levenson said Sunday he is selling his controlling interest in the team, in part due to an inflammatory email he said he wrote in an attempt "to bridge Atlanta's racial sports divide." . That success, coupled with a planned $5 billion real estate development next to the arena, helped boost the teams valuation 19% over the past year, according to Sporticos numbers. Shaquille O'Neal (Sacramento Kings) and Grant Hill (Atlanta Hawks) are both minority owners Previously Magic Johnson had a. The team wore white for home games, Georgia Granite Gray for road games, and Torch Red as an alternate uniform color.[95][96][97]. In 1960, under coach Ed Macauley, the team advanced to the Finals, but lost to the Celtics in another game seven thriller. Also, in a league-wide effort to further the economic empowerment of the Black community, the Hawks Foundation also pledged $10 million over 10 years to the NBA Foundation (Ressler sits on the Board of Directors), which was launched in August and involves working with all 30 teams, the Players Association and both local and national charity organizations. In the 19992000 season, their first season at Philips Arena, the Hawks traded Steve Smith to Portland for Isaiah Rider and Jim Jackson, and sent Mookie Blaylock and a first-round draft pick to the Golden State Warriors for Bimbo Coles and a first-round draft pick. The rivalry intensified in 2016 with Hawks All-Star center Al Horford spurning the team and joining the Celtics. After only missing the playoffs four times since 1977, they fell to seventh place in the Central Division with a 2854 record; they would not return to the playoffs for eight years. During the 2012 NBA draft, the Hawks chose guard John Jenkins with the 23rd pick and power forward Mike Scott with the 43rd pick. The Atlanta Hawks ownership group is working to finalize the sale of the team to a group led by billionaire equity and investment fund manager Antony Ressler, three people familiar with the. Great news for Snyder and the Hawks too. Following the 1997 playoffs, the Hawks moved back to Georgia Tech's Alexander Memorial Coliseum, with the Georgia Dome used for larger-capacity games, until Philips Arena opened before the 19992000 season. They lost to Budenholzer's Bucks in six games. For the 200708 season, the Atlanta Hawks updated the logos and uniforms that saw navy blue become the primary color, with red relegated to trim color status. The origins of the Atlanta Hawks can be traced to the Buffalo Bisons franchise, which was founded in 1946. Atlanta Hawks co-owner Bruce Levenson watches from his courtside seat in the second half of their NBA basketball game against the Washington Wizards on Friday, Dec. 13, 2013, in Atlanta. After the season, the franchise relocated to Milwaukee, Wisconsin, and became the Milwaukee Hawks. A person familiar with the situation says a group headed by Ressler has agreed on an $850 million deal to purchase the NBA's . [53] The 2015 All-Star Game consisted of four Hawks All-Stars including Jeff Teague, Paul Millsap, Kyle Korver and Al Horford. The Hawks entered the 2013 NBA draft with four draft picks. That same day, the Hawks traded small forward Marvin Williams to the Utah Jazz for point guard Devin Harris. Hawks principal owner Tony Ressler had been looking for a way to create a one-stop shop where Black and minority entrepreneurs could gain access to both capital and mentorship. With the third pick of the NBA draft, they selected Al Horford. The Hawks defeated the Detroit Pistons in five games in the first round of the 1997 NBA playoffs, but lost in five games in the second round to the defending champs Chicago Bulls. [104] While the Hawks have only defeated the Celtics twice out of eleven series in the NBA Playoffs, they still often managed to make their series with the Celtics memorable. On July 21, 2020, the Hawks unveiled new uniforms with a look similar to the set they wore in the mid-1970s. NEW YORK, Jan. 4, 2022 /PRNewswire/ -- Dyal HomeCourt Partners ("HomeCourt") today announced it has acquired an almost six percent (6%) equity stake in the Atlanta Hawks from nine existing minority shareholders. [29] After the game he was dealt to the Detroit Pistons in a three-way trade with the Boston Celtics.

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