The extensions keep on coming.

The Portland Trail Blazers have announced a contract extension for President of Basketball Operations Neil Olshey through the 2023-24 season.  The team said in a media release:

PORTLAND, Ore. (May 24, 2019) – The Portland Trail Blazers have announced a contract extension for President of Basketball Operations Neil Olshey, taking him through the 2023-24 season.

“Neil has done an exceptional job finding and keeping the talent that has made the Trail Blazers a perennial playoff team, culminating in this season’s magical run to the Western Conference Finals,” said Jody Allen, Trustee of Paul G. Allen Trust. “I have great confidence in the culture he has created in Portland, and I look forward to seeing it thrive and grow for years to come.”

Promoted to President of Basketball Operations in 2015, Olshey was named the 10th General Manager in franchise history on June 4, 2012, and finished his seventh season at the helm in 2018-19. In his role, Olshey leads the organization’s Basketball Operations, overseeing talent evaluation, player personnel decisions, contract negotiations and salary cap management.

“Consistency and continuity have been great assets to us as a franchise, and Neil’s extension speaks greatly to our on-court success,” said Trail Blazers president and CEO Chris McGowan. “Neil and his staff have done a tremendous job executing his vision for the team and the results are something we are all proud of.”

Under Olshey’s leadership, the Trail Blazers have won two division titles, made the postseason six consecutive seasons and are coming off playoff series wins over Oklahoma City and Denver that led them to their first Western Conference Finals berth in 19 years. Olshey fortified the team’s playoff roster by executing midseason deals for Rodney Hood and Enes Kanter.

“I am honored to extend my tenure with the Portland Trail Blazers under the leadership of Jody Allen, the ongoing partnership with Bert Kolde, Chris McGowan and Terry Stotts and in the memory of Paul G. Allen,” said Olshey. “Leslie, Connor, James and I love Portland and feel blessed to be a part of the future of Rip City.”

ESPN’s Adrian Wojnarowski reports that the Trail Blazers and President of Basketball Operations Neil Olshey have agreed to a contract extension that keeps Olshey in Portland through the 2023-24 season.

Olshey has built an annual Western Conference playoff contender in the Blazers who have played in the postseason in six straight seasons.  Olshey will enter his eighth season with the franchise in the 2019-20 year.

Two of Olshey’s prized draft picks are Damian Lillard and CJ McCollum, both of whom are in line for contract extensions this summer.  Lillard is primed to receive a supermax contract extension of four years and $191 Million, now that he’s officially been named to another All-NBA team.

Olshey’s extension comes on the heels of head coach Terry Stotts’ multi-year extension announced earlier this week, as well.

The Trail Blazers won 53 games in the regular season in 2018-19, way over their projected over-under win total of 41 set by Vegas in the pre-season, and reached the Western Conference Finals for the first time since 2000.  They did it all while sustaining a season-ending leg injury to big man Jusuf Nurkic, but Olshey’s savvy in-season acquistions of Enes Kanter and Rodney Hood helped construct the roster that made history in Rip City.


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