Sacramento Kings new owner Vivek Ranadive announced Monday that the team hired Michael Malone as its head coach.
"Michael Malone is one of the best and most talented coaches in the game," Ranadive said in a statement. "As Vice Chairman of the Warriors, I developed a great relationship with Coach Malone and witnessed first-hand how instrumental he was to the success of the team. His work ethic, passion, and vision for the game will create an entirely new culture and style of play. Hiring Coach Malone is our first step in giving the best fans in sports the excellence they deserve."
The Kings confirmed media reports of Malone's hire Sunday. Malone is the franchise's 25th head coach, 14th in the Sacramento era.
Terms of the contract were not disclosed.
Malone replaces Keith Smart, who was relieved of his duties Friday, shortly after the sale of the team was completed. The Kings went 28-54 last season.
Malone is starting his first head-coaching gig. He spent last season as an assistant coach with the Golden State Warriors, one of the league's surprise teams. He has previous experience as an assistant coach with the New York Knicks (2003-05), Cleveland Cavaliers (2005-10) and New Orleans Hornets (2010-11). He also served on the coaching staffs of Providence College, the University of Virginia and Manhattan College.
A Sacramento-based investor group led by Ranadive paid an NBA-record $535 million for the Kings, preventing the team from being sold to a Seattle-based group that would have moved the team to the Northwest. The team plans to build a downtown arena.