Miami Heat president Pat Riley and Chicago Bulls general manager Gar Forman are co-recipients of the NBA Executive of the Year award for engineering overhauls that so far have propelled their teams to the Eastern Conference semifinals.

The league announced the award Tuesday.

Riley and Forman each received 11 of a possible 30 votes from a panel of team executives.

Riley re-signed Dwyane Wade and added perennial All-Stars LeBron James and Chris Bosh, forming the threesome that led the Heat to 58 wins and the second seed in the East behind Chicago.

Forman oversaw a makeover that lifted the Bulls from 41 wins and back-to-back first-round playoff exits to a league-leading 62 wins.

Bulls executive vice president of basketball operations John Paxson finished third.