"My family and I are thrilled to join the Hawks organization and Atlanta community," Ferry said in the release. "There were many components that made this the right fit for me, but clearly my confidence in the ownership group and their dedication to building a Championship caliber franchise was most important. They are committed to building with the right people and investing in critical areas for development; both essential elements if we want to create sustained success. "
Terms of his contract were not disclosed, but a report by ESPN's Chris Broussard suggested Ferry would get a six-year contract. Ferry had been in the running for the Philadelphia 76ers' job, but pulled out, reportedly because he was reluctant to surrender too much control to Doug Collins.
