The Cleveland Cavaliers have released General Manager Chris Grant and appointed Vice President of Basketball Operations, David Griffin, as Acting General Manager. Grant was named general manager of the Cavs on June 4, 2010. He originally joined the franchise as the club’s vice president of basketball operations/assistant general manager in July 2005.

"I would like to thank Chris Grant for his eight and a half years of service with the Cleveland Cavaliers, the last three and a half as General Manager. Chris always conducted himself with class, integrity and was motivated by what he believed was right for the organization. We wish Chris and his family the best in the years to come," said Dan Gilbert Majority Owner of the Cavaliers.

“My entire focus the past eight years has been on trying to build a team that can contend and win and provide Cleveland fans the success that they deserve,” said Grant. “I have a tremendous appreciation for the players that are here and the coaches that I have worked with, as well as our front office. I thank them for all of their dedication and commitment to the Cavaliers.”

Gilbert went on to address the current situation and the path ahead:

"This has been a very difficult period for the franchise. We have severely underperformed against expectations. Just as this is completely unacceptable to our loyal and passionate fan base, season ticket holders and corporate partners, it is also just as unacceptable to our ownership group. I can assure everyone who supports and cares about the Cleveland Cavaliers that we will continue to turn over every stone and explore every possible opportunity for improvement to shift the momentum of our franchise in the right direction. There is no one in our entire organization who is satisfied with our performance, and to say that we are disappointed is an understatement. We all know the great potential of our young talent, seasoned veterans, as well as our recent all-star addition. We believe a change in leadership was necessary to establish the best possible culture and environment for our entire team to flourish.

There is no move, nor any amount of capital investment, we will not make if we believe it will improve our chances of competing and winning in this league for both the short and long term. The fans of this great city have invested too much time, money and effort for the kind of product we have recently delivered to them. This must change," concluded Gilbert.

David Griffin joined the Cavaliers as vice president of basketball operations in September 2010. Prior to joining the Cavaliers, Griffin spent 17 seasons with the Phoenix Suns, the last three as the club’s senior vice president of basketball operations after being named to the position in June 2007.