According to a source the 76ers are close to inking former Portland Trail Blazers executive Tom Penn as their new general manager. Penn would replace president Rod Thorn, who is set to move to an advisory role with the team.

Thorn is in the last of his three-year contract that was agreed to with then-owner Ed Snider. The contract also was for Thorn to serve another five years as a team advisor. It is believed that Thorn will move immediately to his new role when Penn becomes the general manager.