Koby Altman and the Cavaliers have agreed to a new, long-term contract deal.
Ohio’s Cleveland — The Cavaliers are enjoying their greatest start since LeBron James left, and the upper management is getting paid for it.
The team and general manager Koby Altman reached an agreement on a new long-term arrangement less than a month after signing head coach J.B. Bickerstaff to a multi-year extension. On Wednesday afternoon, the team made Altman’s extension known. With immediate effect, he will also assume the role of president of basketball operations.
“It has been an honor and extreme privilege to represent this organization and I’m truly humbled by the confidence granted to me by our Chairman, Dan Gilbert,” Altman said in a press release. “His leadership has allowed us the freedom to incorporate our strategy and vision intended for the future of Cleveland Cavaliers basketball. This is a first-class organization with a passionate and loyal fanbase. I will forever be grateful for this continued opportunity.
Here in Northeast Ohio, we are creating something truly unique, and Dan is leading by example and giving us incredible resources. This season, our players have grown and improved tremendously, and we are still dedicated to our player development programme. Our players, coaches, and staff are important contributors to the development of our culture, and we are enthusiastic about what lies ahead for the Cavaliers.
Exact terms of the extension were not made public in the release, but ESPN reported it will run through the 2027-28 season.
Altman took over as GM, succeeding David Griffin in the 2017-18 season. The team made the Finals that season — James’ last in Cleveland — and over the next three years failed to win more than 22 games in a single year.
This season, however, the Cavs are off to a 23-18 start and are in sixth place in the Eastern Conference standings.
