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.
The Cavs announced that chairman Dan Gilbert has acquired Gordon Gund’s remaining minority share in the franchise. In a statement, the team thanked Gund for his “leadership, dedication and long-standing support of the franchise” and said he would remain part of the Cavaliers family.
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.
If the Cleveland Cavaliers move on from general manager Koby Altman this offseason, expect Knicks vice president of strategy Brock Aller to be front and center of their plans. Aller and Cavaliers owner Dan Gilbert have a longstanding relationship, and the Gilbert family could be aiming to bring him home.