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REPORT: Danny Ferry in line for promotion, become Cavs President

A small little nugget from Peter Vecsey at the New York Post - 

Sources say plans are advanced to re-sign Cavaliers general manager Danny Ferry and promote him to team president. Assistant GM Chris Grant will be elevated to the top spot.

With all the LeBron James stuff, it has been easily forgotten that Ferry is in the last year of his deal.  There have been rumors on and off that the Cavaliers and Ferry have been in discussions on a new deal and that some kind of promotion would be involved.

The move described by Vecsey seems like a no-brainer to me, and provides even further the stability that all successful franchises need.