The team announced Friday that Olsey signed an extension through the 2023-24 season to remain Portland's president of basketball operations.
“I am honored to extend my tenure with the Portland Trail Blazers under the leadership of Jody Allen, the ongoing partnership with Bert Kolde, Chris McGowan and Terry Stotts and in the memory of Paul G. Allen,” Olshey said of his deal. “Leslie, Connor, James and I love Portland and feel blessed to be a part of the future of Rip City.”
The Blazers have been a model of consistency since Olshey joined the front office prior to the 2012-13 season. Their run of six straight playoff appearances is the second-longest in franchise history. They've won at least 50 games three times with two Northwest Division titles since 2013-14.
Under Olshey's watch, the Trail Blazers have built the foundation of their roster by hiring head coach Terry Stotts and drafting Damian Lillard in 2012, drafting CJ McCollum in 2013 and acquiring Jusuf Nurkic in a trade with the Memphis Grizzlies in February 2017.