A day after an Eastern Conference team (the Cavs) won the 2013 draft lottery, the Eastern Finals will finally get underway tonight in Miami, as the Pacers look to upset the defending-champion Heat. While we look forward to that game, let's check in on a few updates from around the East....

• Within his piece on the Bulls' free agent options, Aggrey Sam of CSNChicago.com reports that the Cavaliers and Pistons may be among the teams with some interest in trading for Luol Deng.
• In exploring why the Bucks' coaching search might be moving slowly, Gery Woelfel of the Racine Journal Times notes that some NBA officials believe Milwaukee is waiting to talk to Grizzlies coach Lionel Hollins. Although Hollins will draw interest from teams with stronger rosters, NBA insiders claim he could still be interested in the Bucks job, since he enjoyed his previous stint in Milwaukee and formed a good rapport with team management, says Woelfel.
• The Raptors expect to hear back from the Nuggets today on whether or not they'll receive permision to speak with Denver GM Masai Ujiri, tweets Adrian Wojnarowski of Yahoo! Sports.
• Wojnarowski adds in a second tweet that Celtics assistant Tyronn Lue and Rio Grande Valley Vipers head coach Nick Nurse are candidates for an assistant coaching role with the Raptors.
• Pistons GM Joe Dumars told reporters, including David Mayo of MLive.com, that he's happy with the eighth pick in the draft and won't rule out selecting a big man, even though a perimeter player may be more likely.
• Expect the Celtics to draft the best player available if they keep their 16th overall pick, rather than focusing on a specific area of need, writes Steve Bulpett of the Boston Herald.

ESPN.com's Marc Stein passes along a few notable tidbits in his latest piece for TrueHoop, including word of a potential Clippers target, a Phil Jackson update, and some items on the coaching front. Let's dive in and check out the highlights....

• "Whispers are already swirling" that the Clippers intend to make a hard run at free-agent-to-be David West, says Stein. West and the Pacers seem to be mutually interested in a reunion, and Indiana will have the ability to offer West much more than the Clippers could, barring a sign-and-trade. But Stein points out that if West's old teammate Chris Paul re-signs in Los Angeles, the Pacers forward figures to be interested in at least listening to a Clippers pitch.
• The Nuggets remain confident that they'll be able to hang on to Masai Ujiri, despite rumblings that the Raptors may offer him an annual salary of $2MM+. Ujiri had reportedly been making about $500K with the Nuggets, according to Stein, so he appears in line for a raise no matter which team he ends up running.
• According to Stein, some league observers "remain convinced" that Phil Jackson's flirtations with various teams are designed to convinced Jim Buss to cede his organizational power with the Lakers to Jeanie Buss, which could allow Jeanie to bring Jackson aboard to run the team's basketball operations.
• Part of the reason the Nets' coaching search has been moving slowly so far is that two of the team's top potential targets remain active in the playoffs -- Grizzlies head coach Lionel Hollins and Pacers assistant Brian Shaw. Stein adds that Ettore Messina, who is rumored to be a candidate for the Hawks, isn't on the Nets' list.
• While the Nets and perhaps the Clippers appear to have interest in Hollins, the Grizzlies appear determined to lock him up to a new contract once their season ends, says Stein.

TUESDAY, 9:52am: Colangelo will remain with the Raptors as the team's president, the club announced today in a press release. Colangelo will remain somewhat involved in basketball operations and will report directly to MLSE president/CEO Tim Leiweke, but the team is seeking a general manager that will have final authority on basketball decisions. The Raptors expect to hire a new GM within the next 30 days.

"After thorough evaluation and considering all the options, we have concluded that these changes will be in the best interest of the organization," Leiweke said in the release. "By splitting the roles and having both men report directly to me, we are adding depth to the basketball operations group and giving the Toronto Raptors the best chance of competing for championships in the future. The new GM will inherit a great situation in Toronto, as all of my due diligence around the League indicates that we have a fine, young core and a few key moves will make us a playoff contender next season."

Leiweke will also officially take over as MLSE president/CEO on June 3rd, rather than July 1st, according to the release.

MONDAY, 10:45am: Raptors ownership is preparing to make a major financial offer to Ujiri, tweets Adrian Wojnarowski of Yahoo Sports.

10:04am: Bryan Colangelo will remain with the Raptors' parent organization in a "corporate" non-basketball role as the search continues for a new head of the Raptors organization, sources tell Doug Smith of the Toronto Star (via Twitter).  MLSE has been negotiating with Colangelo this weekend to stay on in a signficant capacity while also talking with Nuggets GM Masai Ujiri about assuming full control  of the team's basketball operations (Twitter links).

Toronto held an option on Colangelo's contract for the 2013/14 season and today was their deadline to make a determination.  The decision to move Colangelo out of the President/GM role could be a sign that they are on the brink of reaching an agreement with Ujiri. 

The Raptors hired an outside firm to help them identify the best candidate for the GM role and that process led them to identify Ujiri as their top candidate.  While it would appear that Toronto respects Colangelo's experience and business acumen, they are less-than-thrilled with the club's on-court performance in recent years.  

Colangelo was expected to deliver a winner by year seven of his tenure but things haven't improved as expected since the Raptors won the Atlantic Division in 2007.  Since then, the club has undergone a number of face lifts with the most notable coming in the form of Chris Bosh's departure in the summer of 2010.  

Colangelo's decision to take Andrea Bargnani with the No. 1 overall pick in the '06 draft also didn't pan out as hoped.  Hindsight is 20/20, but the Raptors passed up the chance to take future All-Stars LaMarcus Aldridge, Rudy Gay, and Rajon Rondo to take the Italian forward.  In fairness to the Raptors, however, the 2006 draft was littered with relative busts at the top of the board including Adam Morrison (No. 3), Tyrus Thomas (No. 4), and Shelden Williams (No. 5).

The Raptors have scheduled a pair of conference calls this morning, one with MLSE president/CEO Tim Leiweke and one with Bryan Colangelo, who appears to be taking on a new non-basketball role with the franchise. While we await word on Colangelo's official title, let's check in on a few other notes related to the Raptors' front office changes and related to one of Toronto's division rivals....

• The Raptors' top target to replace Colangelo as the head of basketball operations, Masai Ujiri, isn't going to talk to Leiweke before Wednesday, says Doug Smith of the Toronto Star. Smith also suggests that if the Raptors miss out on Ujiri, they should try to convince current advisor Wayne Embry to become the team's new president.
• Bruce Arthur and Eric Koreen of the National Post each provide retrospectives for Colangelo's tenure as the Raptors' general manager.
• A few days after Chris Copeland's agent said that money would be an important factor in free agency this summer, Copeland stressed that he's "never chased the highest bidder," as Mark Hale of the New York Post details. "I love it here [with the Knicks]," Copeland said. "The finances play a part, but I have a lot of emotional ties here that it would be harder for me to break."
• In his latest piece for the New York Post, Marc Berman touches on the contract situations for a number of Knicks players. The highlights: Tyson Chandler says he's not sure whether or not Jason Kidd will continue his playing career, while Carmelo Anthony expresses a desire to see J.R. Smith re-sign with the team.

The Knicks season ended last night when the Pacers defeated them in Indiana to advance to the Eastern Conference Finals. The Knicks were the oldest team in NBA history for the 2012/13 season, and they have a lot of offseason decisions to reach in lieu of their loss to the Pacers. 

The first such decision concerns the 2013 Sixth Man of the Year, J.R. Smith. Smith recently reiterated his desire to remain in a Knicks uniform next year despite the popular consensus he'll opt out of the contract that will pay him $2.9MM next season. He tweeted about wanting to return (Twitter link) today as SheridonHoops.com's Ben Baroff pointed out. But Smith isn't the only question mark as the Knicks head into the offseason after their best playoff performance in more than a decade.

• Despite a postseason showing that saw them get out of the first round for the first time since the 1999/00 season, Howard Beck at the New York Times writes that with very little cap flexbility, the Knicks' window for continued postseason magic may have run out. 
• Ian Begley at ESPNNewYork.com brings readers through five pressing issues the Knicks face this summer, including what to do with Amar'e Stoudemire, who didn't start a single game this season after Carmelo Anthony agreed to play power forward in Mike Woodson's small-ball lineup. Begley also discusses whether the Knicks will continue to go small next season.
• One of the injuries hampering Knicks franchise star Carmelo Anthony this postseason, was his left shoulder. Frank Isola of New York Daily News says Anthony will have his injured left shoulder examined. 
• Another Eastern Conference team that was eliminated in the conference semifinals, the Bulls, are looking to get healthy this offseason while figuring out what to do in free agency, writes Aggrey Sam at CSNChicago.com. The free agency questions center around their backcourt, since Nate Robinson and Marco Belinelli are free agents this summer and the Bulls are not likely to pick up Richard Hamilton's $5MM option next year, but will have to pay him the $1MM that's guaranteed.
• Aggrey Sam at CSNChicago.com also writes that the Bulls' draft picks, they hold the 20th and 49th overall selections this June, could be a lot better than expected in what is considered a down draft year. A lot of players predicted to be selected in the later rounds of the draft performed well in Chicago's predraft combine this past week.
•  Mike Ganter of the Toronto Sun, says it's time for Raptors general manager Bryan Colangelo to go, and with reports the Raptors are pursuing current Nuggets general manager Masai Ujiri, the end appears close for Colangelo. The Raptors are expected to make a decision about their future general manager some time tomorrow after Doug Smith of the Toronto Star reported the Raptors have until Monday to exercise or decline their option on Colangelo for the 2013/14 season. 

As deadline day for Bryan Colangelo's 2013/14 option approaches, the Raptors are pursuing current Nuggets GM Masai Ujiri to take over their basketball operations, reports Adrian Wojnarowski of Yahoo! Sports. The head-hunting firm hired by Maple Leaf Sports and Entertainment to whittle down the list of potential replacements for Colangelo identified Ujiri as the top choice, sources told Wojnarowski.

Doug Smith of the Toronto Star reported yesterday that the Raptors had until Monday to make a decision one way or the other on Colangelo, and that MLSE had hired a search firm to look into potential candidates -- Wojnarowski identifies the firm as Korn/Ferry International.

Perhaps it's no surprise that the man who was named 2013's NBA Executive of the Year earlier this month would emerge as the top candidate for MLSE. But in addition to being more than qualified for the job, Ujiri is on an expiring deal. Although he has a strong relationship with Nuggets CEO Josh Kroenke, Ujiri is only under contract until June 30th. It had been assumed that he and the Nuggets would work out a new agreement, but perhaps MLSE president/CEO Tim Leiweke could make a pitch and offer that would be enough to present Ujiri with a difficult decision.

Prior to becoming the Nuggets' GM in 2010, Ujiri worked under Colangelo in Toronto for three years, including two as assistant GM, so he does have a history with the Raptors, which could work in Toronto's favor. The 76ers made a run at Ujiri a year ago in hopes of hiring him as their GM, but he turned down the team's interest.

Not long after being officially introduced as the Suns' new general manager, Ryan McDonough addressed the topic of his head coaching search, saying that several people on his list of ideal candidates for the job have matched up with the list that had been in place before he was hired, adding that Lindsey Hunter still remains as "one of the top guys" (Paul Coro of the Arizona Republic via USA Today). McDonough also underscored the draft as a franchise's "lifeblood" for "sustainable success" and was complimentary of some of the current players on the roster. Here's more out of the Western Conference tonight: 

• Both Kevin Sherrington and David Moore of SportsDayDFW put themselves in Mark Cuban's shoes and give their theoretical free agent pitches to Chris Paul. Sherrington points to the differences in the Clippers' and Mavericks' ownership, while Moore emphasizes the opportunity to play with a shooter like Dirk Nowitzki and for a proven coach in Rick Carlisle. 
• Tim Cowlishaw of SportsDayDFW has his doubts about the Mavericks keeping Brandan Wright, noting that coach Rick Carlisle had issues with Wright's rebounding and inconsistency. With only six players under contract for next season as of right now, Cowlishaw expects the makeup of the team to be drastically different. 
• Tim Kawakami of the Mercury News makes the argument that the Warriors are a much more dangerous team now than they would have been with a healthy David Lee.
• Lee told CSN Bay Area's Ric Bucher that he plans to return to action again this postseason and hasn't ruled out the possibility of getting surgery to repair his torn right hip flexor once the season is over (Sulia link). 
• Aaron J. Lopez of Nuggets.com describes Masai Ujiri's journey toward becoming one of the league's top executives after humble beginnings ten years ago. 

Fresh off from receiving his Executive of the Year award, Nuggets GM Masai Ujiri says that he's very optimistic that Andre Iguodala re-signs with Denver and that the team wants him back, tweets Benjamin Hochman of The Denver Post. A few days ago, we also relayed that team president Josh Kroenke expressed his desire to keep the 6'6 forward as part of Denver's future moving forward. 

Despite a disappointing first round exit for the Nuggets, Iguodala was very productive in six games against Golden State, averaging 18.0 PPG, 8.0 RPG, 5.3 RPG, and 2.0 SPG while shooting 50% from the field overall and an excellent 48.3% from long range on nearly five three-point attempts per game. It will be interesting to see how those numbers factor into determining Iguodala's worth in the free agent market this summer. 

THURSDAY, 12:08pm: The Nuggets have officially announced that Ujiri has won the Executive of the Year award. Gary Sacks (Clippers) finished second in the voting, followed by Glen Grunwald (Knicks) and Daryl Morey (Rockets), who were tied for third.

WEDNESDAY, 8:45pm: Nuggets general manager Masai Ujiri will be named Executive of the Year, according to the Denver Post's Benjamin Hochman. 

Ujiri built the best team in franchise history this season, as Denver won 57 games in the regular season before losing 4-2 in the first round against the Warriors. 

Last summer he nosed his way into the Dwight Howard trade, acquiring Andre Iguodala and giving up Arron Afflalo, Al Harrington, and a 2014 first round pick. He also extended Ty Lawson to a contract that's widely viewed as a slight bargain for the Nuggets.

Having gone 16-3 at the Pepsi Center so far this season, the Nuggets are in good position to gain some ground in the Western Conference standings, as their next six games will all be at home. Still, head coach George Karl doesn't want his club to take anything for granted, as he tells Christopher Dempsey of the Denver Post.

"We're a young team trying to become a good team -- a really good team," Karl said. "I think we all think we can get there, but sometimes I think we need a lot more work than (the players) think we do."

Here's the latest out of Denver:

• Since the beginning of the year, teams have been calling the Nuggets about acquiring Timofey Mozgov, who is unlikely to be with the Nuggets past the trade deadline, says Dempsey.
• While Mozgov says that he'd like to remain in Denver, that comes with a caveat: "More than I want to stay, I want to play." With Kosta Koufos and JaVale McGee seeing most of the minutes in the middle, Mozgov is averaging a career-low 9.6 minutes per game in 24 contests.
• Although Masai Ujiri is in the last year of his three-year contract with the Nuggets, the two sides aren't expected to explore an extension for the general manager until after the season, reports Dempsey.