Brooklyn, NY (Sports Network) - The Brooklyn Nets signed general manager Billy
King to a contract extension on Friday.
King was named general manager of the Nets on July 14, 2010. His current deal
is set to expire at the end of the league calendar year.
The Nets made the playoffs this season after posting a 49-33 mark in the
franchise's inaugural campaign in Brooklyn. They trail the Chicago Bulls
by a 2-1 margin in their first-round series.
Since taking over for a team that went 12-70 in 2009-10, King has overhauled
the roster, first by making a mid-season blockbuster trade for Deron Williams
in 2011, and then by completing his All-Star backcourt with the July 2012
acquisition of six-time All-Star Joe Johnson. He traded for Gerald Wallace in
March 2012, then spearheaded the re-signings of Williams, Wallace and All-Star
center Brook Lopez this past summer.
"Billy has been a great asset to the Nets organization over the last three
years," principal owner Mikhail Prokhorov said. "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."
The Nets went 24-58 in 2010-11 and 22-44 in 2011-12.
King joined the Nets after spending 10 years with the Philadelphia 76ers
organization, serving as the team's president from 2003-2007.
The Sports Network