CLEVELAND, Ohio (92.3 The Fan) – Len Komoroski is stepping aside as CEO of the Cavaliers, Rocket Mortgage FieldHouse and Rock Entertainment Group upon the conclusion of the Cavs season.
The announcement was made jointly Thursday afternoon.
“Over the past two decades, Len accomplished so much on behalf of our organization. I cannot overemphasize the value of Len’s contributions to the Cavaliers, Rocket Mortgage FieldHouse, and the entire Cleveland community,” Cavs chairman Dan Gilbert said. “His strategic direction, collaboration, and innovation have been and will continue to deliver long-term success of our business and for our fans. I am grateful for his leadership in helping to establish a world-class championship culture for our team members and ensuring that the future of the organization is positioned for continued long-term success.”
Among his many achievements over 19 years at the helm, Komoroski spearheaded the $185 million transformation of Rocket Mortgage FieldHouse, which has hosted five NBA Finals, the 2016 Republican National Convention, 2022 NBA All-Star Game, NCAA tournaments, and world concert tours, keeping the NBA franchise in downtown Cleveland through 2034.
The Cavaliers have been named a top five finalist for the prestigious Sports Business Journal (SBJ) “Sports Team of the Year” award three times over the past decade and Rocket Mortgage FieldHouse was named a finalist in the “Sports Facility of the Year” category in SBJ’s industry awards for 2020 under Komoroski’s leadership.
“Len has been a driving force behind the transformation of the Cavaliers organization over the past two decades,” NBA Commissioner Adam Silver said. “His great business instincts, creativity and strong relationships have made him one of the most respected operators in our industry, and he’s always been generous in sharing insights and best practices with the league office and our teams. We thank him for his many years of outstanding service in the NBA family.”
The move had been in the works for a while according to Komoroski, who felt this was the perfect time for him to step aside.
“I am immensely grateful to Dan Gilbert for providing the inspiration, resources and platform to build an incredible team of leaders that have been committed to a culture of excellence and innovation,” Komoroski said.
“Dan always speaks of 'Doing Well by Doing Good' as a guiding principle and it has been a privilege to work in an environment where we embrace that as a pillar of operating and can positively impact Cleveland and our entire region in a range of different and diverse ways.
"Since I first spoke to Dan about this transition several years ago, we reflected on the ambitious bucket list and journey we’ve had from the time Dan acquired the franchise. From building a world class business team, becoming leaders in commercializing our platform, executing the Transformation of the FieldHouse and establishing it as one of the top entertainment and major event venues in the world, an NBA championship and much more. The 2022 NBA All-Star Weekend seemed like the perfect capstone to the 19 years I have been honored to be a part of this remarkable enterprise along with all of our great team members.”