The Cleveland Cavaliers made a major announcement on Monday morning, committing to the future of the organization off the floor.

Koby Altman (President of Basketball Operations), Mike Gansey (General Manager), Brandon Weems (Assistant General Manager), Jason Hillman (VP of Basketball Operations/General Counsel), and Jon Nichols (VP of  Basketball Strategy and Personnel) all received contract extensions through the 2030 season.

Following the news, Cavaliers majority owner Dan Gilbert issued a statement expressing the organization’s delight in having Altman and his team on board for the foreseeable future.

“Koby Altman has demonstrated that he is the right person to lead this franchise. He is not only an outstanding team-builder, but he has also created an exceptional culture that transcends the basketball side of our business and serves as a positive foundation and philosophy for the entire franchise,” said Cavaliers owner Dan Gilbert via a press release from the team.

“Koby not only has a great nose for basketball talent, but he has recruited and developed extraordinary front office talent as well. This unique combination has positioned our franchise to compete for championships for years to come. The decision to extend Koby and his team is not solely based on recent success, but rather the entire body of work since he took over the role in 2018.”

Altman has undeniably done a tremendous job navigating the Cavaliers through a rebuild, starting in 2018, back to being championship contenders.

Under his management, the Cavaliers traded for Donovan Mitchell, Jarrett Allen, Max Strus, De’Andre Hunter, and Lonzo Ball while drafting Darius Garland and Evan Mobley.

The Cavaliers can feel confident that he’ll do what’s best for the team to help them hopefully win a championship in the near future.

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With Tyrese Haliburton and Jayson Tatum sidelined heading into next season due each player suffering a ruptured Achilles tendon, many view the Eastern Conference as wide open. However, according to former Cleveland Cavaliers legend Channing Frye, it might be Cleveland’s conference to lose, even if there’s a bit of competition to reach the NBA Finals.

“Tier 1 is Cleveland and New York,” Frye said, chuckling during the broadcast of the Cavaliers’ Summer League matchup with the Milwaukee Bucks. “That’s pretty much it.”

With how talented and deep the Cavaliers are, Frye has every reason to be high on what Cleveland could accomplish next season. In Kenny Atkinson’s first season as head coach, the Cavaliers finished 64-18 and were arguably one of the NBA’s more dominant teams on either end of the floor.

However, according to Frye, Cleveland isn’t alone at the Eastern Conference’s summit, noting that the New York Knicks could also be in the mix. To his credit, the Knicks reached the Eastern Conference Finals last season, falling to the Indiana Pacers in six games. However, against Cleveland, New York was 0-4 last season during the regular season, indicating there might be a gap between either team.

But while the Cavaliers and Knicks might be at the top, Frye does think there will be challengers right behind them.

I would go the young teams and Milwaukee,” So, I would go Detroit, Atlanta,Orlando, Milwaukee, and I’m actually going to throw Toronto in there. I think they’re slept on.”

“Orlando and Atlanta are a different breed,” Frye said after. “Same with Detroit.”

So, while the Eastern Conference might be Cleveland’s to lose next season, they will have some challengers. It’s going to be a fun season for the Cavaliers, who are looking to avenge their surprising second-round exit in last year’s Eastern Conference Playoffs.