Budenholzer was named the December 2014 Eastern Conference Coach of the Month after leading the Hawks to a 14–2 record in the month. He was named the head coach of the Eastern Conference team at the 2015 NBA All-Star Game by virtue of Atlanta being in first place in the conference by the break. Budenholzer won the January 2015 Eastern Conference Coach of the Month award after leading the Hawks to the first 17-0 record in a month in NBA history. He went on to lead the Hawks to a franchise record 60 wins, as well as their deepest playoff run in 48 years. On April 21, he was named the recipient of the Red Auerbach Trophy as the 2014–15 NBA Coach of the Year.