Nets Sign General Manager Billy King to Contract Extension
Brooklyn, NY – The Brooklyn Nets have signed General Manager Billy King to a contract extension, it was announced today by Principal Owner Mikhail Prokhorov. Per team policy, terms of the contract were not released.
"Billy has been a great asset to the Nets organization over the last three years”, Mr. Prokhorov said on behalf of the entire Nets organization. “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."
"I am anxious to continue working hard for Mikhail Prokhorov and the Brooklyn Nets”, said King.
King, who was named general manager of the Nets on July 14, 2010, presided over a team that posted a 49-33 record in the franchise’s inaugural season in Brooklyn, matching the second best record in Nets’ history, while making their first postseason appearance in six seasons.
In his three seasons as general manager, King overhauled the Nets 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. Adding Gerald Wallace via a trade in March 2012, King then spearheaded the re-signings of Williams, Wallace and All-Star center Brook Lopez this past summer.
King joined the Nets after spending 10 years with the Philadelphia 76ers organization, serving as the team’s president from 2003-2007. King joined the 76ers in June, 1997 as vice president of basketball administration, a role in which he served as the point person for basketball operations. Less than a year later, he was promoted to general manager, a position he held until being promoted to team president following the 2002-03 season.
During his 10-year tenure, King guided the team to five consecutive playoff appearances (1999-2003), including the 2000-01 season in which the Sixers captured the Atlantic Division title on the heels of a 56-26 season. The Sixers went on to win their first Eastern Conference Championship since 1983, advancing to the 2001 NBA Finals.
Before joining the 76ers, King served as an assistant coach for the Indiana Pacers for four seasons under Larry Brown. He joined the professional ranks after spending four seasons as an assistant at Illinois State University under Head Coach Bob Bender. King also spent one year as a color analyst for ESPN's basketball coverage of the Ohio Valley Conference.
Holding several roles within the USA Basketball program throughout his career, King has served as a member of USA Basketball Men’s Senior National Team Program Advisory Panel, on USA Basketball’s Board of Directors, as treasurer of USA Basketball and as an athlete representative on the 1997-2000 executive committee. King also served on the USA Basketball Men’s Senior National Team Committees for the 1997-2000 and 2001-04 terms.