Coming Off Successful 1st Season In Brooklyn, Nets Extend GM Billy King

NEW YORK (CBSNewYork/AP) — Nets general manager Billy King can breathe easy.

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

King, hired by the Nets in 2010, put together a team 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.

You May Also Be Interested In These Stories

(TM and © Copyright 2013 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2013 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)