The Cleveland Cavaliers have signed Koby Altman to a contract extension through the 27-28 season and will also assume a new title of president of basketball operations.

Altman is considered one of the early frontrunners for the league's executive of the year award along with the Chicago Bulls' Arturas Karnisovas and Memphis Grizzlies' Zach Kleiman.

Altman was promoted to GM in July 2017, a year after the Cavaliers won the NBA title. 

Altman's representative Bret Just of WME negotiated the deal.