Colangelo remains with team as President
TORONTO, May 21, 2013 /CNW/ - Maple Leaf Sports and Entertainment President and CEO Tim Leiweke announced Tuesday that he has revamped the senior leadership of the Toronto Raptors in preparation for next season. Bryan Colangelo has had his contract extended as the team's President and will report directly to Mr. Leiweke. The club has also created a new position of General Manager that will have final authority on all basketball-related decisions. At this time, with input from Colangelo, Leiweke is conducting a search to identify candidates and expects to name the new GM in the next 30 days.
"After thorough evaluation and considering all the options, we have concluded that these changes will be in the best interest of the organization," said Leiweke. "By splitting the roles and having both men report directly to me, we are adding depth to the basketball operations group and giving the Toronto Raptors the best chance of competing for championships in the future. The new GM will inherit a great situation in Toronto, as all of my due diligence around the League indicates that we have a fine, young core and a few key moves will make us a playoff contender next season."
While the General Manager will have autonomy over basketball decisions, Colangelo will continue to advise Leiweke on basketball-related matters while also broadening his involvement with the business side of the franchise. "The future of this team and this organization excites me more than ever, and I am looking forward to being part of our future success," said Colangelo. "I will add whatever is necessary to help improve our basketball team while also expanding my efforts to increase brand awareness and influence growth of the game across this great country."
"Bryan is skilled, knowledgeable and respected across the NBA and will be a resource that we count on to help build the Raptors into Canada's team," said Leiweke.
MLSE also announced that Leiweke would move up his official start date from July 1 to June 3 at the suggestion of the Board.
SOURCE Maple Leaf Sports & Entertainment Ltd.