MONDAY, 2:07pm: As Ferry weighs the next move for the Hawks, Drew and his coaching staff in Atlanta have begun exploring other employment opportunities, according to Marc J. Spears of Yahoo! Sports. Spears hears from one source close to the staff who believes there's a "slim chance" Drew and his coaches will be retained.
SATURDAY, 7:50pm: Earlier this afternoon, we briefly heard that the Hawks planned to hold off on decisions regarding personnel (including the head coach) for a few days. According to an ESPN report (via the Associated Press), Hawks GM Danny Ferry went on record saying that he isn't ready to make a decision on whether he'll retain Larry Drew beyond this season:
"We're going to take some time, give it some distance, give it some space from the season, from the playoffs, from the emotions of that…Then we'll make decisions that we feel are best in the short-term and long-term interests of the team."
Drew – recently rumored to be interested in the 76ers' head coaching vacancy - has compiled a 128-102 record in three seasons as Atlanta's head coach. After the Hawks were dealt their second consecutive first-round playoff exit this year, Drew gave credit to his team's overall performance this season considering that many on the team's roster are headed for free agency. He also said that he's not sure about whether or not his future involves a continued tenure in Atlanta:
"I thought we had a really good season given what our circumstances were. They weren't the best…Whether I'm back here or not, I don't know. The one thing I will say is I've had a great run here."
Considering that the Hawks only have three players guaranteed to be under contract next season, I'd be surprised if Ferry didn't make a decision on the head coaching situation soon, especially before scouring free agency this summer and determining the players who would be a good fit.