"The Warriors named Rick Welts president and chief operating officer, the team announced late Monday. Per team policy, terms of the agreement were not disclosed.

Welts, 58, will oversee business-related operations and will report directly to owners Joe Lacob and Peter Guber. He had a nine-year stint with the Phoenix Suns as president and was chief executive officer the past two seasons.

In an effort to breach what he sees as a stigma against homosexuality in men's team sports, he revealed in May that he is gay. Four months later, he resigned from the Suns."