(Photo credit: David Richard-Imagn Images)

The Cleveland Cavaliers signed president of basketball operations Koby Altman to a contract extension through the 2029-30 season, the team announced Monday following an ESPN report.

Members of Altman's staff -- including general manager Mike Gansey, assistant general manager Brandon Weems, vice president of basketball operations/general counsel Jason Hillman and vice president of basketball strategy and personnel Jon Nichols -- were included, likewise extended through 2030.

'Koby Altman has demonstrated that he is the right person to lead this franchise. He is not only an outstanding team-builder, but he has also created an exceptional culture that transcends the basketball side of our business and serves as a positive foundation and philosophy for the entire franchise,' Cavaliers chairman Dan Gilbert said in a statement. 'Koby not only has a great nose for basketball talent, but he has recruited and developed extraordinary front office talent as well. This unique combination has positioned our franchise to compete for championships for years to come.

'The decision to extend Koby and his team is not solely based on recent success, but rather the entire body of work since he took over the role in 2018.'

The move comes off a stretch of success for the Cavaliers, who finished first in the Eastern Conference last season with a 64-18 mark -- the second-best record in franchise history. The LeBron James-led Cavaliers won 66 games in the 2008-09 season.

Last year's high watermark continued a run of three straight seasons with playoff appearances, including back-to-back Eastern Conference semifinal appearances.

Altman, 42, was named GM of the Cavaliers on July 24, 2017, and promoted to his current role in January 2022.

In the past three seasons, the Cavaliers have a combined record of 163-83. They lost the Eastern Conference semifinals to the Indiana Pacers in five games to end this past season amid a variety of injuries.

--Field Level Media