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Report: Brookyn's King close to extension

The SportsXchange

Brooklyn Nets general manager Billy King, who put together a team with the fourth-best record in the Eastern Conference, is close to a multiyear contract extension, league sources told Yahoo! Sports.

King's contract would've expired this summer. An official announcement is expected soon, sources told the web site.

The Nets went 49-33 this season, and are tied 1-1 in their Eastern Conference first-round playoff series with the Chicago Bulls. King must still decide on the fate of interim coach P.J. Carlesimo after the season.

King reshaped the Nets with a blockbuster trade for Deron Williams in February 2011, then re-signed him in July to a contract extension. He also dealt for Joe Johnson and Gerald Wallace, and re-signing All-Star center Brook Lopez.
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