PORTLAND, Ore. (August 29, 2017) –The Portland Trail Blazers have announced a contract extension for President of Basketball Operations Neil Olshey, taking him through the 2020-21 season. In keeping with team policy, financial terms were not disclosed.
“Neil has done an excellent job improving our team and getting us into the playoffs. With our young and improving roster, I expect our franchise to keep improving,” said Trail Blazers owner Paul Allen. “Continuity in the front office is important as we continue to grow, and this extension shows the confidence we have in Neil’s leadership.”
“I appreciate the confidence Paul Allen has in myself and the entire Basketball Operations staff,” said Olshey. “I look forward to building on the foundation we have developed and the continued partnership with Bert Kolde, Chris McGowan, Terry Stotts and the entire Trail Blazers organization. On a personal note, I’m very happy for my family as we’ve really embraced Oregon and the incredible spirit of Rip City.”
Promoted to President of Basketball Operations in 2015, Olshey was named the 10th General Manager in franchise history on June 4, 2012, and finished his fifth season at the helm in 2016-17. In his role, Olshey leads the organization’s Basketball Operations, overseeing talent evaluation, player personnel decisions, contract negotiations and salary cap management.
Less than a month after joining the Trail Blazers, Olshey drafted Damian Lillard (sixth overall), the fourth unanimous NBA Rookie of the Year in league history, and Meyers Leonard (11th overall). He then named veteran coach Terry Stotts head coach of the Trail Blazers on August 7, 2012. Olshey also drafted and developed guard CJ McCollum (10th overall in 2013), winner of the 2015-16 NBA Most Improved Player award.
Last season, Olshey made a trade-deadline move to acquire center Jusuf Nurkic and a 2017 first-round draft pick from Denver in exchange for Mason Plumlee and cash considerations on February 13. That move ignited the Trail Blazers’ climb into the NBA Playoffs for the fourth consecutive season – even with the youngest roster in the NBA.
“Knowing Neil will continue to lead Basketball Operations well into the foreseeable future is a great thing for our franchise,” said Trail Blazers President and CEO Chris McGowan. “I am excited to continue our partnership in running this organization on and off the court with the goal of delivering a world-class experience for our fans.”