Preheat oven to 375 degrees. Spray a 9 inch cake pan with cooking spray. Set aside.
In a large bowl cream together the butter and sugar. Add in the egg, milk, and almond extract and mix for 1-2 minutes or until smooth.
Sift in the flour, baking powder, and salt into the wet ingredients and mix for 1-2 minutes or until well combined.
Fold in half of the cherries.
Pour the mixture into the prepared pan and smooth the top. Press the remaining cherries into the top of the cake batter.
In a small bowl combine the flour, brown sugar, and cinnamon. Add the cold butter and use your hands to combine it until it is crumbly. Sprinkle over top of the cake.
Bake the coffee cake for 50-55 minutes or until a toothpick inserted into the middle comes out clean.
Remove from oven and cool completely on a wire rack before serving.