Coming off their first season in Brooklyn in which the franchise ended a six-year playoff drought, the Nets have signed general manager Billy King to a contract extension.

King, hired by the Nets in 2010, put together a that went 49-33 in its first season after moving from New Jersey, matching the second-best record in franchise history.

“Billy has been a great asset to the Nets organization over the last three years”, Nets owner Mikhail Prokhorov said in a statement announcing the extension on Friday. “He has shown he is not afraid to be bold and take risks, and, as a result, we have a playoff team with a world of potential. We are glad we will have the opportunity to continue our work together and realize that potential.”

Terms of the deal were not disclosed.