Last we heard, the Atlanta Hawks' disaster of an ownership group had taken the team off the market. It looked as if there would be no movement for the foreseeable future, which was disappointing, as current ownership had mucked up the works for years. It's an ugly, untenable arrangement that needs resolution for the owners, the teams, the players, management and fans. And it looks as if, all of a sudden, there's significant movement toward new ownership. From The Atlanta Journal-Constitution:
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.via No offer, but potential majority buyer in talks for Hawks, Philips Arena | ajc.com.
The potential buyer has accountants and lawyers working extensively on the matter.
There's no telling what "moving fast" means, or if that's weeks or months. But any progress is promising. Hearing the owner has "the financial wherewithal" is a nice thing to hear, as well. You'd think it would be a prerequisite for purchasing a NBA team, but then, look around at the men orchestrating this absurd lockout and you'll find that's not the case.
How the Hawks sale could impact the lockout isn't known. How the Hawks sale could impact the Hawks' cap situation or the long-term contracts tied up in an only-above-average roster isn't known. But if there's progress and if the new owner brings energy and innovation, it could signal a move toward a sustainable future.