MONDAY, 3:21: Owner Josh Harris has made it official at a press conference this afternoon, announcing Hinkie's hiring as president of basketball operations and general manager.
FRIDAY, 11:06pm: Hinkie's hiring doesn't change Thorn's situation with the team, Thorn tells Tom Moore of PhillyBurbs.com (Twitter link). The veteran executive is transitioning into the role of a consultant for the Sixers. Moore also clarifies that Hinkie will choose the team's next head coach.
3:04pm: DiLeo will not return to the Sixers in any capacity, according to John Mitchell of the Philadelphia Inquirer (via Twitter). DiLeo had been part of the Sixers' basketball operations department since the 1990/91 season.
2:53pm: According to Bob Cooney of the Philadelphia Daily News, Hinkie will also be the Sixers' new president of basketball operations, and DiLeo is "out" (Twitter links). Cooney adds that Hinkie's contract is expected to be for three or four years (Twitter link).
An official announcement from the Sixers could come as soon as next week, tweets Tom Moore of PhillyBurbs.com.
2:35pm: The 76ers have reached an agreement with Rockets assistant GM Sam Hinkie on a deal that will make Hinkie the Sixers' new general manager, according to Adrian Wojnarowski of Yahoo! Sports (via Twitter).
Tony DiLeo had previously been serving as the GM in Philadelphia, but his contract was set to expire next month, making his status going forward uncertain. DiLeo has been a longtime member of the Sixers' front office and had been working with ownership on the team's coaching search, so it's unclear whether he'll be parting ways with the club or simply transitioning into a new role. I wouldn't be surprised if he moved into the team president position previously held by Rod Thorn, but it appears as if Hinkie will be the final decision-maker in basketball operations.
Before the Sixers promoted DiLeo to GM last summer, the team conducted a search that included Hinkie. According to Jonathan Feigen of the Houston Chronicle, the two sides re-opened discussions "very recently" (Twitter link).