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Tomasson: Hawks Ownership "Ruling Out" Signing Shaquille O'Neal

Chris Tomasson of NBA FanHouse reports that the Atlanta Hawks have eliminated free-agent center Shaquille O’Neal from their wishlist due to financial concerns.

A source close to the situation said Thursday that Atlanta’s ownership doesn’t want to exceed the luxury-tax threshold of $70.307 million. The Hawks are about $4 million shy right now.

Tomasson emphasizes this point later when he writes, “the directive from ownership to not exceed the luxury tax has altered” the Hawks’ interest.

Photographs by coka_koehler used in background montage under Creative Commons. Thank you.