Dan Gilbert Rumors

The GM said he’s had candid conversations with owner Dan Gilbert, who feels good about the team’s positioning. Altman said he’s never had any direct talks with Gilbert about his own situation but feels comfortable that he’s done a good job. Altman said Gilbert, who has had health issues following stroke, remains “very engaged” with the team.
Storyline: Cavaliers Front Office
Dan Gilbert saw his net worth grow 700% since last year, when his company Rocket Mortgage, formerly Quicken Loans, went public in August. Rocket rode growth in the U.S. housing market to a huge fourth quarter, posting a 277% increase in profits. The company originated $320 billion in mortgages in 2020. Rocket’s big year grew Gilbert’s fortune to $51.9 billion, placing him third among sports team owners on Forbes’ list. Second on the list is former Microsoft CEO Steve Ballmer, owner of the Los Angeles Clippers, with $68.7 billion. Ballmer’s net worth grew 30% in the last year.
“He’s definitely gonna take over,” said one source, who does business constantly with Cavs’ basketball operations. “His dad’s not able, and he’s the next in line.” “Gilbert’s son is running the show behind the scenes,” said a second league source. “Grant’s trying to take a bigger role,” said a third source with knowledge of the Cavs’ operations. “But (he has) zero experience.”