At least one of the Spirit's teams will be here next year. (AJC photo by Curtis Compton)
According to esteemed colleague Tim Tucker, the Atlanta Spirit — corporate motto: Everything Must Go! — has entered into an exclusive negotiating agreement with outgoing San Diego Padres owners John Moores to buy the Hawks and Philips Arena. This is major news. But here we offer a couple of caveats:
• Exclusive negotiating agreements aren’t all they’re cracked up to be, especially when it concerns the Hawks, the Thrashers and Philips Arena. the Texas car dealer David McDavid had one of those with Time Warner in April 2003, and you see what it got him. (Actually, it got him $281 million from Time Warner after the conglomerate sold the teams and the building to the Spirit instead.)
• That the Spirit has entered into a negotiating agreement with someone who would agree to keep the Hawks in Atlanta — and it’d be pretty hard to uproot Philips Arena and move it to Manitoba — shouldn’t be taken
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