Presti signs extension with Thunder

Jul 22, 2010 - 6:15 PM OKLAHOMA CITY(AP) -- Sam Presti has agreed to a multiyear contract extension to remain the general manager of the Oklahoma City Thunder.

Team chairman Clay Bennett announced the deal Thursday but did not reveal terms.

Presti finished second in the voting for the NBA's executive of the year award last season after the Thunder had a league-best 27-win improvement. The team made the playoffs for the first time since the franchise relocated from Seattle.

After taking over as GM in June 2007, Presti traded veterans Ray Allen and Rashard Lewis and started building one of the league's best young teams. He recently signed NBA scoring champion Kevin Durant to a five-year, $85 million contract extension.

The new contract comes three days after Presti's assistant, Rich Cho, was hired as Portland's new GM.