Blazers hire Neil Olshey as new GM

The Blazers have hired Neil Olshey as their new general manager, the team announced Monday.

Olshey served as the Clippers Vice President of Basketball Operations for the past two seasons, overseeing the acquisition of Chris Paul and placing third in votes for Executive of the Year this past season.

The hire comes more than a year after Portland parted ways with Rich Cho in May of 2011, and relieves Chad Buchanan of his role as acting general manager.

“Neil is someone we’ve had on our radar for quite a while,” said Blazers president Larry Miller. “Over the past two seasons he has demonstrated success in constructing a roster, managing salary cap and evaluating player talent. We feel very fortunate to have him in Portland and are thrilled about what this means for the future.”

Friday, it was reported that Olshey, 47, had reached an agreement in principle to return with the Clippers. This report came after Blazers owner Paul Allen had flown Olshey to London for an interview.

“I am very grateful for the opportunity to become a part of this successful franchise,” said Olshey, who was an assistant coach and assistant general manager with the Clippers before ascending to his VP role. “Portland is a great basketball city with a rich tradition, an incredible fan base and committed leadership. I’m joining an organization that has a strong foundation and a bright future. I couldn’t be more excited and I’m ready to hit the ground running.”