SUNDAY, 1:40pm: The Sixers officially named Bryan Colangelo president of basketball operations. In addition, Jerry Colangelo is no longer the chairman of basketball operations but will remain as a special adviser to the team, the Sixers announced in a press release.
THURSDAY, 7:55am: The Sixers plan to formally name Colangelo as GM on Monday, a league source tells Ketih Pompey of The Philadelphia Inquirer (Twitter link).
11:12pm: Bryan Colangelo and the Sixers are still negotiating terms but are hopeful of finishing the deal Thursday, league sources tell Wojnarowski (Twitter link).
WEDNESDAY, 8:53pm: In the wake of Sam Hinkie‘s sudden resignation as Sixers GM, the team intends to hire Bryan Colangelo to fill the now-vacant post, Adrian Wojnarowski of The Vertical reports. Colangelo is the son of Sixers chairman of basketball operations Jerry Colangelo, whom the franchise hired earlier this season. The team had also been considering former Hawks GM Danny Ferry for the postition, according to an earlier report by Wojnarowski.
Philadelphia’s initial intent was to hire the younger Colangelo to work alongside Hinkie, but the former GM apparently wasn’t too keen on further diluting his power and influence within the organization. In his 13-page letter of resignation, Hinkie wrote, “There has been much criticism of our approach. There will be more. A competitive league like the NBA necessitates a zig while our competitors comfortably zag,” Hinkie wrote. “We often chose not to defend ourselves against much of the criticism, largely in an effort to stay true to the ideal of having the longest view in the room. Given all the changes to our organization, I no longer have the confidence that I can make good decisions on behalf of investors in the Sixers — you. So I should step down. And I have.”
Bryan Colangelo had actively pursued the Nets GM position prior to Sean Marks being named to the post, and was initially unenthusiastic about the idea of working for his father for the second time in his career, sources told Wojnarowski. The younger Colangelo had previously worked for his father for 13 seasons with the Suns prior to departing Phoenix to become the president and GM of the Raptors. Colangelo stepped down from his post in Toronto on June 26th, 2013.