Koby Altman Secures Contract Extension
Koby Altman, the president of the Cleveland Cavaliers and a key figure in the team’s development into a serious contender in the NBA, has officially secured a contract extension lasting until the 2029-30 season, according to information obtained by ESPN on Monday. The decision comes in light of the franchise’s impressive trajectory, including attaining the top seed in the Eastern Conference last season, which prompted owner Dan Gilbert to reward Altman along with his executive team, featuring general manager Mike Gansey and assistant general manager Brandon Weems, with multiyear contract extensions.
Cavaliers’ Recent Achievements
Over the last three seasons, the Cavaliers have achieved the third-best record in the league, successfully making it to the playoffs each year and notching their second-highest win total in franchise history during the 2024-25 season. Although the team reached the Eastern Conference semifinals, they faced several challenges, including injuries that sidelined key players such as Donovan Mitchell, Darius Garland, Evan Mobley, and De’Andre Hunter, ultimately resulting in a five-game defeat against the Indiana Pacers.
Altman’s Career Milestones
Before the playoffs commenced, Altman’s agent, Bret Just from WME Basketball, finalized the terms of the extension with the team, marking a significant career milestone for Altman, who transitioned from general manager to president of basketball operations in 2022. Notably, during his tenure, he has been credited with pivotal acquisitions and draft decisions, including selecting the 2021 Defensive Player of the Year Mobley and two-time All-Star Garland. Furthermore, Altman was instrumental in securing center Jarrett Allen in 2021 and orchestrating the high-profile trade to bring All-NBA star Mitchell to Cleveland in 2022.
Offseason Moves
This offseason, Altman has been active in enhancing the squad by trading for Lonzo Ball from the Chicago Bulls to strengthen their point guard depth, re-signing Sam Merrill, and bringing back veteran forward Larry Nance Jr..
Owner’s Commitment to the Team
Gilbert, who has been a proactive owner, recently led efforts to acquire a WNBA expansion team, succeeding in June. Additionally, he and his ownership group are in the process of constructing a cutting-edge, 210,000 square-foot practice facility for the Cavaliers, reflecting a commitment to both the team’s future and its community.
