Danny Ferry

Danny Ferry was in the final month of his 5-year contract as general manager of the Cleveland Cavaliers but he opted not to seek a new contract. Danny Ferry, 43, resigned from his post on Friday June 4, 2010. Cleveland Cavaliers has achieved a lot in his tenure but he was not happy with the departure of Coach Mike Brown, according to various reports. Mike Brown was fired form his job two weeks ago after Cavaliers lost to Boston Celtics in the second round of the NBA playoffs. Cavaliers signed Danny Ferry to a 5-year contract as their eighth general manager in June, 2005. Assistant general manager Chris Grant will take over his position after Ferry opted to leave the team.

Ferry said,

“It is the right time to move on. Chris is prepared to do a great job. This will be a natural transition for him. He’s done everything that a GM does at every level. Our ultimate goal was to win a championship but it was also critically important to establish a foundation to achieve sustained success and have the ability to contend year in and year out.”

On the other hand the team is eager to re-sign two-time league’s Most Valuable Player, LeBron James. James will be a free agent next month and if he decided to make a move to other place then things can go wrong for Cleveland Cavaliers. During Ferry’s five seasons with the Cavaliers the team record was 272-138. Owner Dan Gilbert says Ferry contributed a lot to the team and we appreciate the hard work he puts to build a strong foundation that helped the team to achieve good success ratio in last five years.