Bryan Colangelo has stepped down as team president from the Toronto Raptors, but will remain with the team as a consultant on business operations.
Doug Smith, who covers the Raptors for the Toronto Star, broke the news on Twitter earlier on Wednesday.
BColangelo steps down as Raptors president, to remain as “consultant” team announces
— Doug Smith: Raptors (@SmithRaps) June 26, 2013
According to Rotoworld, it appeared that Colangelo would stick around until they got Masai Ujiri as the new general manager.
Colangelo said he viewed this as the best course for both parties after taking some time to “reflect on things.” Colangelo was in jeopardy of losing his job earlier in the offseason but the MLSE decided to keep him on board. However, once Colangelo and the Raptors eventually lured Executive of the Year Masai Ujiri away from Denver to run the team’s basketball operations, it seemed repetitive to have Colangelo remain in his current role.
A little over a month ago, the Raptors made it clear that they wanted Colangelo back in a different form. They eventually hired him in a “corporate role” which was his new team president title, but that certainly didn’t last for long.