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Executive in place through 2010

SACRAMENTO, Calif. -- Geoff Petrie signed a four-year
extension with Sacramento on Friday, keeping the man most
responsible for building the Kings into an NBA power under contract
until at least 2010.
The move to keep Petrie as the team's president of basketball
operations follows the decision earlier this month by co-owners
Gavin and Joe Maloof to exercise a one-year option on coach Rick
Adelman for next season.
"We're very mindful of the success we've had here the last six
or seven years," Gavin Maloof said. "We haven't won it all but we
still have one of the winningest teams in sports. That's because of
Geoff, and Rick as well. He's a King for life."
Petrie, who helped build two Western Conference championship
teams in Portland, came to Sacramento in 1994. The Kings had made
the playoffs only once in the previous nine seasons.
But Petrie began rebuilding the team, acquiring stars Chris
Webber, Mike Bibby and Brad Miller in trades, drafting Peja
Stojakovic, and signing key free agents Vlade Divac and Bobby
Jackson.
The Kings have made the playoffs each of the last six seasons
and trail only San Antonio and the Los Angeles Lakers for the most
wins in the NBA in that span.
Sacramento made it to the seventh game of the Western Conference
finals in 2002 before losing to the Lakers, but has been knocked
out in the second round each of the past two seasons.
"We've done a lot of terrific things here but there still is
that final frontier," Petrie said. "That's what we're working
for."
Petrie said the opportunity to keep working with the Maloofs,
who took control of the Kings in 1999, played a big part in his
desire to stay with the team through the 2009-10 season.
"We have developed a working relationship that is by far the
best anybody in my position could ever have," Petrie said.
"They're enthusiastic. They're supportive. They never give up.
Without that guidance, it's hard to move forward or even maintain
what you have."
The Maloofs made the move to extend Petrie's contract even
though it wasn't going to expire until after next season.
"He's given us a team that can compete and possibly win the
title," Joe Maloof said. "I still think we can win the title this
year. We wanted to lock him up."
Petrie, a two-time All-Star as a player in Portland, was the
NBA's Executive of the Year in 1999 and 2001.