The Atlanta Hawks and coach Mike Budenholzer have mutually agreed to part ways, Budenholzer told ESPN. The Hawks announced the move later Wednesday night. Budenholzer, the 2014-15 NBA Coach of the Year, and the organization finalized terms of a split on Wednesday night. "I am grateful for the five years that I spent as coach of the Atlanta Hawks, and will always cherish the incredible contributions, commitment and accomplishments of the players that I was fortunate enough to work with here," Budenholzer told ESPN on Wednesday night. "From ownership to management, support staff to the community, I'll look back with great pride on what we were able to achieve together with the Hawks." Budenholzer had two years and $14 million-plus left on his contract, with the Hawks headed into a full rebuilding process.