Toronto Raptors President and general manager Bryan Colangelo will make a transition from basketball operations to the front office, Yahoo! columnist Adrian Wojnarowski reported on Monday. According to Wojnarowski, the Raptors are also preparing a "major" financial offer to current Nuggets general manager and reigning NBA Executive of the Year, Masai Ujiri.
Colangelo will be moved to the corporate side of Maple Leafs Sports and Entertainment in what Wojnarowski calls a "significant" position. MLSE, who owns the Raptors, the NHL's Toronto Maple Leafs and Major League Soccer team Toronto FC, recently hired former AEG executive Tim Leiweke as president and CEO. Leiweke, who is based in Los Angeles, said he was friends with Phil Jackson, who was linked to having interest in a front office position with the Raptors. The Raptors finished 34-48 last season.