After nearly 30 years as a Larry H. Miller Group of Companies employee, current Utah Jazz CFO and president of Fanzz retail stores Bob Hyde will retire this summer.
A source within the LHM Group told SLC Dunk that Hyde will serve in his current position through the 2014 draft and then plans to retire. Utah Jazz director of public relations Jonathan Rinehart later confirmed the report.
"We greatly appreciate all of Bob's hard work and numerous contributions to the Jazz and Larry H. Miller Group of Companies over the last 30 years," Rinehart said.
For those unfamiliar with Hyde's work and history with the Jazz, please see this 2012 feature from the Salt Lake Tribune:
He doesn’t initiate the first move. He doesn’t call the final shot. He’s rarely ever seen and almost never quoted. But Hyde is O’Connor’s right-hand man. He’s the Jazz’s salary-cap guru, chief financial officer and Moneyball-believer rolled into one. And while Hyde swears his job and name don’t merit mention, he’s quietly become the most interesting — and at times the most important — person on the Millers’ payroll.
SLC Dunk would like to thank Hyde for his long service and work behind the scenes to keep the Utah Jazz competitive in good times and bad.
UPDATE (3:28pm MT): From Jody Genessy of the Deseret News:
I'm told Jazz CFO/Fanzz president/capologist Bob Hyde will begin to "phase out" of duties after draft, not fully retire as SLCDunk reported.— Jody Genessy (@DJJazzyJody) May 7, 2014
The original statement SLC Dunk received from Jazz director of public relations Jonathan Rinehart indicated that Hyde "plans to retire."