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Cleveland Cavaliers' Koby Altman agrees to contract extension, new title, sources say

Cleveland Cavaliers general manager Koby Altman has agreed to a contract extension through the 2027-28 season -- and will assume a new title of president of basketball operations, sources told ESPN on Tuesday.

Altman has engineered a franchise renaissance and reshaped a roster that has shown the promise of becoming a long-term factor in the Eastern Conference. The Cavaliers have made dramatic improvement over three consecutive lottery finishes post-LeBron James, and Altman has drafted two young players (guard Darius Garland and forward/center Evan Mobley) and traded for another (center Jarrett Allen) who are showing All-Star potential.