Mike Budenholzer relinquishing Team President title, Wes Wilcox staying, per report

It has been a strange couple of days for the Atlanta Hawks but things might finally be nearing a resolution. The Vertical’s Adrian Wojnarowski reports that Mike Budenholzer will relinquish his title of President of Basketball Operations but will remain as the team’s head coach. Additionally, Wes Wilcox will remain with the team in a high-ranking role in the front office.

In addition, Wojnarowski reports that the team will begin a search for a new President of Basketball operations immediately.

Despite the demotion, Budenholzer will retain a say in player personnel decisions.

The say in player personnel is the most important part of Budenholzer’s job so it isn’t strange that he wasn’t looking to lose that.

ESPN.com reported on Wednesday that the Hawks had parted ways with Wilcox who came to Atlanta in 2012 as the team’s assistant GM under Danny Ferry. The Hawks immediately issued a statement refuting the report. The Atlanta Journal-Constitution later reported that Wilcox was considering jobs with other NBA teams and that he had been offered another front office job by Atlanta.

UPDATE

Wojnarowski reports at The Vertical that minority owner Grant Hill will be part of the search process but has yet to show any interest in a full-time position in basketball operations.

Majority owner Tony Ressler is starting a search to hire a new executive at the top of the Hawks masthead. Minority owner Grant Hill will be a significant part of the search process too, but Hill has yet to show any inclination to take on full-time basketball operations duties, league sources told The Vertical.