Trail Blazers reward GM Neil Olshey with multiyear extension

The Portland Trail Blazers have signed General Manager Neil Olshey to a multi-year contract extension, it was announced today by team owner Paul Allen. Olshey has also been named President of Basketball Operations.

“Our team has made great strides under Neil’s leadership, and I am excited to extend his contract,” said Allen. “Neil has done an outstanding job as General Manager by quickly rebuilding our team into a playoff contender. The franchise is clearly on the upswing, and I hope to see further improvements in the years to come.”

Olshey became the 10th General Manager in Trail Blazers franchise history when Allen announced his hiring on June 4, 2012. He finished third in NBA Executive of the Year voting after the Trail Blazers finished 54-28 last season – the largest improvement in franchise history and sixth-best record all-time.