Houston Rockets general manager Daryl Morey has agreed to a five-year contract extension.
Morey has been the GM in Houston since 2007 and has guided the Rockets to the Western Conference Finals in two of the previous four seasons and won a franchise-record 65 games in 2017-18.
"I'm super happy," Morey told the Houston Chronicle. "I'd love to be with the Rockets for life. This obviously solidifies us for a little while."
Financial terms were not disclosed, but owner Tilman Fertitta told the newspaper that the deal makes Morey "one of the highest paid general managers in the league, which he rightfully deserves."
"You want to keep good people under contract," said Fertitta.
"Both of our goals are to bring another championship to Houston. We don't like rebuilding.
"We like to be competitive every year. We're on the same page. We look forward to being a successful team for many years to come."
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The Rockets also picked up the option on head coach Mike D'Antoni's contract that will keep him in Houston through 2019-20.
Morey said he wants to work on an extension for D'Antoni during the offseason.
"He's such a critical factor," added Morey. "Speaking for myself only, I would love for him to be here for as long as he wants to be here. He's so critical to everything we're doing here."
Things did not go so well on court on Wednesday, however, as the Rockets' season-best nine-game winning streak was ended as they lost 106-104 to Golden State Warriors.