Atlanta Hawks name Mike Budenholzer as team's new head coach

The Atlanta Journal-Constitution's Chris Vivlamore is reporting that the Atlanta Hawks have reached an agreement with San Antonio Spurs' assistant Mike Budenholzer to become the team's new head coach.

The Hawks have hired Mike Budenholzer as head coach. #ATLHawks

— Chris Vivlamore (@ajchawks) May 28, 2013

Update

The Hawks have officially announced the hiring. Here are portions of the press release:

Danny Ferry

"We are thrilled to have Mike as the next coach of the Atlanta Hawks. He has an incredible basketball acumen and has a keen awareness of the league and what it takes to be successful," Ferry said. "His experience and four championships over the last 17 years provide a tremendous foundation for his leadership of our team."

Mike Budenholzer

"I have been extremely fortunate to be a part of the San Antonio Spurs organization for the last 19 years. I knew it would have to be a tremendous situation for me to leave and clearly coming to Atlanta as the head coach of the Hawks is perfect for me," said Budenholzer. "Ownership's commitment to taking this organization to the next level and creating a unique and special culture, partnering with a general manager like Danny Ferry who I have great respect for, and building a roster that has terrific potential because of the existing core and the ensuing flexibility presents a rare and uniquely positive opportunity."