tied the old record of 18 losses set by the then-New Jersey Nets in the 2009–10 season. On December 8, the 76ers announced that they would hire Jerry Colangelo, Chairman of the Board of Directors for USA Basketball, as the Special Advisor to the Managing General Partner and Chairman of Basketball Operations. In the first move the team made after hiring Colangelo, they traded two second-round draft picks to the Pelicans in return for point guard Ish Smith. On March 1, 2016, the 76ers, at the time with a record of 8–51, missed the playoffs for the fourth straight season. The 76ers finished the season 10–72. 2016–present: Joel Embiid era 2016–2020: Colangelo era On April 6, 2016, Sam Hinkie resigned by way of a 7,000 word letter of resignation. On April 10, 2016, Bryan Colangelo, the son of Jerry Colangelo, was named president of basketball operations. In the NBA Draft Lottery, the Philadelphia 76ers earned the first pick in the draft, after they had a 25% chance of earning the spot. On June 23, 2016, following the 2015–16 season, and after the 76ers were awarded the first overall pick in the 2016 draft, the team selected LSU Point Forward Ben Simmons first overall. The Sixers also selected French basketball player Timothé Luwawu-Cabarrot and Turkish basketball player Furkan Korkmaz with the 24th and 26th picks in the 2016 NBA draft respectively. Many consider the 2016 NBA Draft a turning point for the 76ers after their three seasons of not being competitive resulted in the franchise garnering the first overall pick, the first time the team owned the first since 1996 when the 76ers selected point guard Allen Iverson first overall. The Sixers subsequently traded for another number one pick in the 2017 NBA draft, choosing Markelle Fultz. The 2017–18 season was the most successful season since the 2011–12 season as the team finished the regular season in third place in the Eastern Conference with a 52–30 winning record and clinched a playoff spot. The season also saw the 76ers reaching a franchise-record 16-game winning streak. In the First Round of the playoffs, the Sixers defeated the Heat in five games, to win their first playoff series since the 2011–12 season. Following a controversy involving fake Twitter accounts, the 76ers parted ways with general manager Bryan Colangelo on June 7, 2018. The team promoted Elton Brand from executive vice president of basketball