New Charlotte Bobcats general manager Rich Cho will work under Rod Higgins, who now has the title president of basketball operations.

"One of the worst things you can do in this league is be a middle-of-the-road team - in the playoffs one year, out the next," Cho said Tuesday at an introductory news conference at Time Warner Cable Arena.

"One of the tough things about a middle-of-the-road team is you never get really good draft picks. That makes it hard to have sustained success. Sometimes you have to take a step back to take two steps forward.

"I'm a big proponent of accumulating assets," Cho said. "That's how we did it in Oklahoma City."