Report: Agreements in place for 100 percent sale of Atlanta Hawks

The search for a new Atlanta Hawks owner appears officially set to begin, as there's a reported agreement in place for a 100 percent sale of the team, according to the Atlanta Journal-Constitution's Chris Vivlamore.

Citing a league source, Vivlamore reports the Hawks will go on the market next week after the NBA approved agreements between the franchise's three ownership groups.

Bruce Levenson's Washington-based ownership group will sell its 50.1 percent share of the team, Michael Gearon Jr., Michael Gearon Sr., Rutherford Seydel and Beau Turner's Atlanta-based group will sell its 32.3 percent stake, while Steven Price's New York-based group will sell its 17.6 percent share.

Levenson announced in September he would sell his majority stake after a racially charged 2012 email he wrote came to light.