Colangelo tabbed to right the Raptors’ ship
Toronto, ON (Sports Network) – The Toronto Raptors named NBA Executive of the
Year, Bryan Colangelo, as their team president and general manager on Tuesday.
“Under Colangelo’s direction the Phoenix Suns have drafted as well as any team
in the NBA during the past 10 years, and they’ve built an organization that is
consistently competitive in the post-season,” said president and CEO of Maple
Leaf Sports & Entertainment Richard Peddie. “He manages the salary cap very
well, and has both the knowledge and the courage to make the moves necessary
to build a winning franchise.”
Colangelo resigned as the team president and general manager of the Phoenix
Suns on Monday. He was in the Phoenix organization for 15 years — general
manager for the past 11 years and team president for the last seven — and was
responsible for a Suns team that reached the playoffs eight times in the past
10 years and posted an overall record of 476-366 (.565) in his 11 seasons.
“The Toronto Raptors offer one of the best situations in the NBA, and I’m
thrilled to be coming here after 15 years in Phoenix.” said Colangelo. “The
Raptors have an ownership group committed to building a championship club,
have some excellent young players around Chris Bosh, are positioned well
against the salary cap, and reside in one of North America’s premier cities. I
couldn’t be any more excited about the future of the Toronto Raptors, and I’m
eager to get started here.”
Colangelo, who was named NBA Executive of the Year last season, was
responsible for the Suns’ spectacular season in 2004-05, which saw the team
post a 33-win turnaround, after signing league MVP Steve Nash, guard Quentin
Richardson and forward Steven Hunter to offseason contracts.
The acquisitions were due in part to a 2003-04 trade that saw Colangelo
ship All-Star guard Stephon Marbury and Anfernee Hardaway to the Knicks to
clear salary cap room.