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Billy King signs extension with Nets

Updated: April 26, 2013, 1:43 PM ET
By Mike Mazzeo | ESPNNewYork.com

The Brooklyn Nets on Friday announced that they have signed general manager Billy King to a multiyear contract extension.

King has been the Nets' GM since July 14, 2010. The team brought in King after finishing 12-70 in 2009-10, and he's since overhauled the roster and turned the franchise from a laughingstock into a playoff contender.

"Billy has been a great asset to the Nets organization over the last three years," owner Mikhail Prokhorov said in a statement. "He has shown ...

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