Blazers sign GM Neil Olshey to multiyear contract extension

The Trail Blazers announced Thursday they signed general manager Neil Olshey to a multiyear contract extension. He was also named president of basketball operations.

"Our team has made great strides under Neil’s leadership, and I am excited to extend his contract," owner Paul Allen said. "Neil has done an outstanding job as general manager by quickly rebuilding our team into a playoff contender. The franchise is clearly on the upswing, and I hope to see further improvements in the years to come."

Olshey was hired as Portland's general manager on June 4, 2012. The Trail Blazers finished 54-28 in 2013-14 after finishing 33-49 in 2012-13. It was the largest improvement in franchise history and sixth-best record all-time.

"This extension is a validation of the efforts of the entire Trail Blazers front office and an endorsement of the level of commitment expected of us by our owner Paul Allen," Olshey said. "The level of passion for this franchise by our owner, season ticket holders and fans, drives us to build a team that this community can be proud of."