The Los Angeles Clippers announced today that an agreement in principle has been reached between the team and Vice President of Basketball Operations Neil Olshey. As usual, no terms of the agreement were made public.

A teleconference is planned for Monday, June 4th. Timing and access details will be announced that morning.

The 2011-12 campaign marked Olshey’s second season as the Clippers’ Vice President of Basketball Operations and his ninth overall season with the organization. Olshey began his career as Director of Player Development prior to the start of the 2003-04 season and served as an assistant coach during the 2004-05 campaign before holding the title of Director of Player Personnel from 2005-08. Olshey was promoted to the role of Assistant General Manager prior to the start of the 2008-09 season, holding that position for two seasons until being named Vice President of Basketball Operations prior to the start of the 2010-11 campaign.

via Los Angeles Clippers