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Zach Lowe: "Serious rumblings" of a Billy King contract extension?

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In his appraisal of how first round casualties are looking at the off-season, Zach Lowe of Grantland reports,

The Nets did not pick up their option for next season on Bobby Marks, a cap whiz who has been with the franchise for 20 years, per Mike Mazzeo of ESPN New York. There are also serious rumblings that GM Billy King is on the verge of a contract extension, but Nets officials are mum on the matter.

King's contract has a year to run but teams often will give a favored GM an early extension so they don't look like lame ducks ... and take a long view of the team's future rather than going for short-term fixes to help their negotiating position. However, the last time King's contract was up, in the the summer of 2013, the Nets agreed to extend him a few months, not a year, before the deal ran out.

A well-placed league source told NetsDaily recently "There hasn't been even a discussion of that." However, King is known to be in the good graces of both Mikhail Prokhorov and Dmitry Razumov, the Nets chairman of the board with whom he has interacted on virtually every transaction. Adrian Wojnarowski has reported that as long as Prokhorov owns the team, King is likely to stay as GM.

King has been the subject of a lot of criticism from fans and pundits, particularly for his decision to deal unprotected first rounders --and pick swaps-- for aging stars.  King, who lives in Manhattan, has been looking at rental properties in Brooklyn recently, according to reports.

Lowe also writes about the possibility of stretching Deron Williams contract.

Stretching Williams would conjure about $13 million in extra cap space for the summer of 2016. It’s not a cost-free move, but you’re fooling yourself if you think Nets officials won’t seriously consider it.

The Nets could also offer Williams a normal buyout rather than the stretch option. In that case, the buyout and length could be negotiated.