2:50 p.m.: Cavs release GM Grant

CLEVELAND – The Cleveland Cavaliers have released General Manager Chris Grant and appointed Vice President of Basketball Operations, David Griffin, as Acting General Manager, according to a press release from the Cavaliers.

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.

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.

For full details of Grant’s release, read Friday’s Tribune Chronicle.