What happened: Cleveland Cavaliers general manager Mike Gansey has agreed to become the new President of Basketball Operations for the Philadelphia 76ers, per ESPN's Shams Charania. The move hands Gansey full authority over Philadelphia's basketball decisions.

Why it matters: The hire reshapes the front offices of two Eastern Conference rivals, pulling a respected executive out of Cleveland's basketball operations and installing him atop Philadelphia's. It signals the 76ers' intent to retool their leadership structure heading into the offseason.

What to watch: Watch for how Gansey reshapes Philadelphia's roster and staff this offseason, and who Cleveland elevates to fill the vacated general manager role.