Wizards likely keeping Ernie Grunfeld

Ernie Grunfeld will return as president of the Washington Wizards, according to two league officials who spoke on condition of anonymity.

Grunfeld and owner Ted Leonsis have tentatively agreed to a deal that is believed to be for more than one year, a deal that would keep the team’s architect in Washington contractually until at least the end of the 2013-2014 season. Financial terms were not known, but Grunfeld’s present deal was set to expire at the end of this season. He has been the Wizards’ chief decision-maker since the late Abe Pollin hired him to take over the franchise in 2003.

The team is expected to make an announcement as early as Tuesday, the officials said. A Wizards official declined comment before Monday night’s game against the Bobcats at Verizon Center.

— Reported by Michael Lee of the Washington Post Blog

Author: Inside Hoops

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