As reported earlier this month, Kings basketball president Geoff Petrie will remain with the team at least two more seasons.
In a release issued this afternoon, the Kings announced that the team option for the 2009-10 campaign has been exercised. Petrie has been in a front-office position with the Kings since 1994.
"We've had the privilege of working with Geoff for the past nine years and consider him to be the best general manager in the NBA," Kings co-owner Joe Maloof said in the statement. "He's respected league-wide for his dedication ot the game, innovation, scouting and diligence. We look forward to our continued work with Geoff as we bring the Kings back to prominence."
- Sam Amick