The AP and NBA.com have reported that a person familiar with the negotiations says the Orlando Magic have extended the contracts of general manager Otis Smith and coach Stan Van Gundy.
The person says the team picked up options that extend Van Gundy through the 2010-11 season and Smith through 2011-12. The person spoke on condition of anonymity because the deals have not been officially announced.
The Orlando Sentinel first reported the extensions Monday.
The duo led the Magic to only their second NBA Finals and first since 1995 last season.
Van Gundy has led the team to consecutive division titles since taking over before the 2007-08 season. While Smith has overseen the franchise’s resurgence since been promoted to general managed ahead of the 2005-06 season.
Congratulations to both Otis and Stan on very deserving achievements and extensions.