In an anticipated move, Masai Ujiri signed a multi-year contract extension to remain president of the Raptors.
His top lieutenants, Jeff Weltman and Bobby Webster, were promoted to GM and assistant GM/vice-president of basketball strategy, respectively.
In conjunction with Ujiri's new deal, Toronto promotes Masai's top aides Jeff Weltman (to general manager) and Bobby Webster (assistant GM).
— Marc Stein (@TheSteinLine) September 2, 2016
Uriji had two years left on his original five-year deal signed back in May of 2013. Terms of the extension were not immediately released.
Per Raptors press release:
The Toronto Raptors announced Friday they have signed President Masai Ujiri to a multi-year contract extension and promoted Jeff Weltman to general manager and Bobby Webster to assistant general manager/vice-president basketball strategy. Ujiri will continue to oversee basketball operations as president of the club.
“I am grateful to the Board and Mr. Tanenbaum for the opportunity to continue our progress to build the Raptors into one of the top franchises in the NBA,” said Ujiri. “I’m also excited that Jeff and Bobby are being rewarded for their hard work and valuable contributions to our program.
“My family thanks the NBA, Raptors players and coaches, staff, Raptors fans, the city of Toronto and Canada for this opportunity. Toronto is home for us.”