As first reported by ESPN’s Adrian Wojnarowski, the Cavs have signed general manager Koby Altman to a long-term contract extension. Altman, who took over from David Griffin in 2017, is the first Cavs GM to sign a contract extension since Dan Gilbert bought the team in 2005.
ESPN story on Cleveland GM Koby Altman agreeing to a long-term contract extension. https://t.co/r5nLVdJGrV— Adrian Wojnarowski (@wojespn) November 1, 2019
Altman’s original contract was for three years, meaning it would have ran out next summer. It is unclear what Altman’s annual salary will be.
Under Altman, Cleveland has began to build something that it hopes will last. Altman hired John Beilein last summer as part of a pivot to player development and continued that by taking three players — Darius Garland, Kevin Porter Jr. and Dylan Windler — in the first round of last June’s draft. He also picked Collin Sexton in 2018 and made a concerted effort to restock the many draft picks the team traded away when LeBron James was with the team from from 2014-2018.
Does he still have a lot of work to do to solidify what he’s trying to build right now? Absolutely. But he’s off to a good start and is helping the franchise move forward on a healthier path. Plus, it’s good for the Cavs to have some stability and work from that as opposed chaos and disorganization.