Thorn to take over as president

Former New Jersey Nets President Rod Thorn has been hired to become President of the 76ers, this according to a source with knowledge of the situation.

A formal announcement is expected to come Thursday; Yahoo! Sports has reported that Thorn confirmed the deal via text message.

Ed Stefanski, currently serving as President and General Manager, is expected to remain in his role as General Manager. After the conclusion of the Sixers recent season, one in which they finished well out of the playoff race, Stefanski's job was not guaranteed by Comcast-Spectacor.

Stefanski worked under Thorn in New Jersey and a similar situation is expected to evolve with the Sixers.

--Kate