The Cavaliers are scheduled to hold a news conference this afternoon to introduce their new general manager, but chances are there will be quite a few questions about Tom Izzo. Will the Cavs actually answer those questions? It remains to be seen, but the Detroit News' Eric Lacy did say this (emphasis mine):
Gilbert and Cavs new general manager Chris Grant have a news conference scheduled in Cleveland today at 2:30 p.m. The news conference was called to introduce Grant to the media, but Izzo's status is expected to be addressed.
I would be surprised if the Cavs said anything too noteworthy just because that's pretty uncommon anytime negotiations, no matter how serious, are taking place, but I guess we will have to wait and see.