Jeff Weltman Rumors
This contract isn’t about what Ross has done for the Raptors, but what the Raptors believe he will do for them in the future. “What we’re doing is betting on the person. We’re saying all the ingredients are there, the development curve is heading in the right direction and we’re betting that he’s going to continue along that path,” Raptors vice-president of basketball operations Jeff Weltman said Tuesday in Dallas following the team’s morning shootaround.
“Any time you have a rookie contract the guys, just by definition, are at a stage in their career where they’re probably yet to realize their potential so you’ve got to find that middle ground between where you think the player will go and where he is now,” Weltman said. “That’s why a lot of extensions don’t get done. But, yeah, we like to feel we’ve found some middle ground with Terrence where we’re paying him in the hope that he becomes a great player and we think he has that in him.”
The Raptors view this contract as completely in line with where contracts in the NBA are headed. “The cap we all know is going north and salaries are going to escalate along with that,” Weltman said. “I don’t think it’s any secret, I don’t think we’re ahead of the curve to say that it’s going to be a new financial landscape for the league coming around the corner and this is probably reflective of that jump.”
Jeff Weltman, who was a finalist for the Phoenix GM job that went to Ryan McDonough, is now with Toronto and is expected to get a call, league sources say. His father, Harry Weltman, was GM of the Cavs in the 1980s. David Morway was part of the front office that built the Pacers into an Eastern Conference power. Now in Milwaukee, Morway has been a candidate for several GM positions.
Weltman will receive a significant bump in pay in his new job with the Raptors. Some NBA officials claim Weltman will be paid more than $1 million a year for the next five years. That is almost double the amount most assistant GMs are paid.
The Toronto Raptors announced Tuesday NBA-veteran front office executive Jeff Weltman has been named Executive Vice President, Basketball Operations. Weltman joins the Raptors following five seasons as assistant general manager with the Milwaukee Bucks.