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Nets name Billy King general manager

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07/14/2010 - East Rutherford, NJ (Sportsbook Betting Lines) - The New Jersey Nets have named Billy King as their next general manager.

King takes the reins from Rod Thorn, who is stepping down as team president and general manager after 10 years on the job. It is also expected King will assume the title of president, a dual position new owner Mikhail Prokhorov wanted to keep intact.

"I am very pleased Billy King is coming on board as Nets general manager, said Prokhorov. "He has all of the qualities we've been looking for in a candidate: professionalism, good relations with the league, players and agents, and strong communications skills."

King previously spent 10 years with the Philadelphia 76ers, first as vice president of basketball administration starting in 1997 before a quick ascent to the general manager's position and then to team president from 2003-07.

King was fired by Sixers chairman Ed Snider in December of 2007 and replaced by Ed Stefanski, who was general manager of the Nets at the time.

"I am very excited about joining the Nets organization," said King. "I want to thank Mr. Prokhorov and his executive team for the opportunity to oversee a franchise that has such a vibrant owner, an outstanding coach in Avery Johnson, and possesses the combination of young talent, cap space and draft choices that will allow us to build a squad that will be able to contend for an NBA title."

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