Raptors GM Jeff Weltman has reached a five-year agreement with the Magic to become their President of Basketball Operations, sources told The Vertical’s Adrian Wojnarowski.
The deal was finalized in a meeting between Weltman and Orlando’s CEO Alex Martins, as well as the team’s ownership group, Wojnarowski continues. He replaces Rob Hennigan, who was fired last month.
The Magic had seriously considered making an offer to Cavaliers GM David Griffin, but focused their attention on Weltman in recent weeks, Wojnarowski adds. Weltman had been working under Raptors president Masai Ujiri. He previously had high-level jobs with the Bucks and Nuggets after starting his front-office career with the Clippers. He had been with the Raptors since 2013 after leaving the Bucks organization.
Weltman will have the ability to hire a GM who’ll report to him but Matt Lloyd, who had been serving as the interim GM, could remain with the organization, Wojnarowski adds.
The Raptors will likely fill the GM vacancy with assistant GM Bobby Webster, Toronto beat reporter Doug Smith tweets.