Washington Wizards President Ernie Grunfeld received a contract extension months before the team concluded its inconsistent 2017-18 season and bowed out in the first round of the Eastern Conference playoffs as the eighth seed.
When reached for comment, a spokesman for majority owner Ted Leonsis and his company Monumental Sports & Entertainment, which runs the Wizards, declined to address the terms of the deal. According to a person close to the situation, however, the Wizards offered the extension in the fall.
https://www.washingtonpost.com/news/wizards-insider/wp/2018/05/03/the-wizards-have-granted-ernie-grunfeld-a-contract-extension-now-he-must-lead-the-franchise-through-a-tricky-summer/?utm_term=.5a8242097a01#comments