Danny Ferry Officially gone

[shyne]

according to espn news

[Johnny_Blaze_47]

Report: Ferry agreed to five-year, $10 million deal

The Cleveland Cavaliers were set to make Danny Ferry their general manager on Saturday, but while he was on his way to Cleveland, he stopped short of finalizing the contract for undisclosed reasons, The Cleveland Plain Dealer reported.

Ferry, director of basketball operations for the San Antonio Spurs, reportedly had agreed to a five-year, $10 million deal, the paper reported.

The Cavs had been expected to announce a news conference introducing Ferry to the media early next week.

According to a report by The News-Herald last week, Ferry's hiring hinged on Detroit Pistons coach Larry Brown accepting the Cavs offer of becoming team president.

Ferry has been in the Spurs' front office since September 2003 after playing 13 NBA seasons.

http://sports.espn.go.com/nba/news/story?id=2094976

[Sii]

he's not gone

WOAI reported he hasnt decided

its looking like maybe he wont leave IMO

[shyne]

when was that reported?

[Sii]

it was on the 5pm news

he canceled his trip to clev, and has stopped negotiations

at least for now. Based on what he said the other day it seems it would be VERY hard for him to leave the Spurs and move his family

[shyne]

Hes gone that report was earlier, I don't think he could pass up a chance to build a team around Lebron James.

[Clandestino]

Report: Ferry agreed to five-year, nearly $10 million dealESPN.com news services
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The Cleveland Cavaliers made Danny Ferry their general manager on Sunday when he agreed to a five-year deal worth close to $10 million, The Cleveland Plain Dealer and The Associated Press both reported.

The paper and the AP -- each citing two league sources -- reported Ferry's deal also includes incentives. Ferry, who played 10 seasons with the Cavs, was the director of basketball operations for the NBA champion San Antonio Spurs.

The Cavs had been expected to announce a news conference introducing Ferry to the media early next week.

According to a report by The News-Herald last week, Ferry's hiring hinged on Detroit Pistons coach Larry Brown accepting the Cavs offer of becoming team president.

Ferry has been in the Spurs' front office since September 2003 after playing 13 NBA seasons.

[SpursWoman]

:cry

[Aggie Hoopsfan]

Damn that's some good coin for being GM, particularly when you have Lebron to recruit with.

Congrats to Danny.

[Kori Ellis]

So I guess that Ferry was waiting for Larry Brown to be out of the mix there. Not in the mix.

http://www.duluthsuperior.com/mld/duluthsuperior/sports/basketball/11993545.htm

Cavaliers hire Danny Ferry; Brown no longer in the mix

BY BRIAN WINDHORST

Knight Ridder Newspapers


AKRON, Ohio - (KRT) - With the eleventh hour here, the Cleveland Cavaliers have decided to finalize their front office.

Two NBA executives confirmed that the Cavaliers hired Danny Ferry as general manager Sunday.

He will be the franchise's top decision-maker, and Detroit Pistons coach Larry Brown is no longer a candidate to become the team's president of basketball operations.

Ferry came to terms with the team Sunday after receiving assurances that he would make the last call on all personnel decisions.

The team had been rumored for weeks to be waiting for Brown to fill that role but couldn't wait any longer for him to make a decision.

The Cavaliers are expected to announce Monday that they hired Ferry and that they are no longer pursuing Brown. If Brown has any role with the franchise, it likely only will be as a consultant.

Ferry, who comes to the Cavaliers after two years as the San Antonio Spurs' director of basketball operations, flew to Cleveland late Sunday night. He will start work just four days before the Cavaliers will have to decide which free agents to chase with their $25 million in salary-cap room and just one day before the NBA Draft, in which the Cavaliers have no picks.

Cavaliers co-owners David Katzman and Steve Cicurel scoured the country interviewing dozens of candidates for the general manager job the past two months. They spoke with Ferry numerous times before majority owner Dan Gilbert offered him the job last week.

Ferry accepted the position Friday, a day after the Spurs beat the Pistons to win the NBA title, and wrapped up the contract talks over the weekend.

He and the Cavaliers agreed on a five-year deal, though it is worth less than $10 million, as one report suggested, but does have numerous incentives. It's also less than the 10-year, $34 million deal that he signed when he came to the Cavaliers as a top prospect in 1990.

The job he's taking over won't come with as much expectations as 15 years ago when the Cavaliers traded Ron Harper for him, but it will come with some high pressure. The Cavaliers have the second-most cap space in the NBA and high expectations to wisely use the space to build around LeBron James.

Ferry only retired as a player two years ago and has just limited experience in the Spurs' front office, where he had the third-ranking position. But he proved to be a quick study under general manager R.C. Buford, who groomed him in all aspects of the job from contract talks to player evaluation.

Last summer, Ferry was part of the process when the Spurs signed Manu Ginobili and Tony Parker to long-term contracts.

The Spurs are generally regarded as one of the best-run teams in the NBA and have the fruit to prove it, three titles in the past seven years. When Gilbert started the search to replace general manager Jim Paxson, who was fired the day after the season ended in April, he said he would recruit people from "highly successful organizations."

Gilbert did that when hiring coach Mike Brown from the Indiana Pacers. Brown and Ferry worked together when Brown was an assistant coach with the Spurs when Ferry was in the final years of his playing career.

Ferry's father, Bob, was also a general manager with the Washington Bullets, twice winning executive of the year honors.

[Aggie Hoopsfan]

:lol They talk about the cap room like they're not going to be tieing up 10 million+ of it on Zydrunas.

[Nbadan]

He will be the franchise's top decision-maker, and Detroit Pistons coach Larry Brown is no longer a candidate to become the team's president of basketball operations.

Ferry came to terms with the team Sunday after receiving assurances that he would make the last call on all personnel decisions

Despite Lebron, Danny Ferry will have a though job in the East trying to outdo the Pistons who still have Darko sitting on the bench waiting to develop.

[baseline bum]

Congrats, champ

http://www.mysanantonio.com/specials/spurschamps/slideshows/spurslakersgame2/images/wl2.jpg