Nets extend contract with GM King

Coming off their first season in Brooklyn in which the franchise
ended a six-year playoff drought, the Nets have signed general
manager Billy King to a contract extension.

King, hired by the Nets in 2010, put together a that went 49-33
in its first season after moving from New Jersey, matching the
second-best record in franchise history.

”Billy has been a great asset to the Nets organization over the
last three years”, Nets owner Mikhail Prokhorov said in a
statement announcing the extension on Friday. ”He has shown he is
not afraid to be bold and take risks, and, as a result, we have a
playoff team with a world of potential. We are glad we will have
the opportunity to continue our work together and realize that
potential.”

Terms of the deal were not disclosed.

After a 79-76 loss at Chicago on Thursday night, the Nets trail
the Bulls 2-1 in the first-round playoff series. Game 4 is Saturday
at Chicago, with Game 5 set for Monday night back in Brooklyn.

Before joining the Nets, King spent 10 years with the 76ers,
serving as the team’s president from 2003-2007.