Laimbeer signs two-year contract with Shock

In 2008, the Shock won their third WNBA title in seven years with Laimbeer as coach. Garrett Ellwood/NBAE/Getty Images

AUBURN HILLS, Mich. -- Coach Bill Laimbeer has been re-signed to a two-year contract by the WNBA champion Detroit Shock.

The team is not releasing financial terms of the deal announced Thursday.

"Bill has established himself as a premier professional basketball coach and general manager," said Tom Wilson, president of Palace Sports & Entertainment. "His ability to assemble talent -- both players and coaches -- and inspire his teams to become champions has led to the ultimate prize for the Shock in three of the last six seasons."

The two-time NBA champion as a member of the Detroit Pistons guided the Shock this summer to their third title during his seven years as coach.

He was coach of the year in 2003 after guiding a Shock team that ended the previous season with the league's worst record to the championship. They also won the 2006 title.

Laimbeer is the WNBA's all-time leader in postseason and finals victories and his six consecutive playoff appearances are tied for second most all-time. The three championships are one shy of the league record.

Since being named head coach on June 19, 2002, Laimbeer has a regular-season record of 136-90.