Soaring stock in Atlanta

New GM Danny Ferry might have just dealt Hawks into future D12, CP3 moves

Updated: July 2, 2012, 11:59 PM ET
By John Hollinger |
We knew when the Atlanta Hawks hired Danny Ferry as their general manager that it would mark a wholesale change in the way this franchise did business, but nobody expected the change to be this drastic, this fast.

With two landmark moves in a period of hours Monday that wiped nearly $90 million off the payroll, the Hawks went from a franchise that considered losing in the second round of the playoffs to be the pinnacle of human achievement to being one that could matter -- I mean really, truly matter -- for the first time since Dominique Wilkins was making nightly highlight films.