Monday , Oct , 31 , 2005 C.Y. Ellis

Nets exercise option on Planinic

East Rutherford, NJ (Sports Network) – The New Jersey Nets announced Monday
they have exercised the fourth-year option on guard Zoran Planinic and it will
keep him under contract through the 2006-07 season.

As per team policy, financial terms of the deal were not released.

“Zoran is a versatile player who has shown continued improvement in his first
two seasons,” said team president Rod Thorn. “We look forward to his continued
development.”

A native of Croatia, Planinic will be entering his third season. In 92 career
games, he has averaged 4.0 points, 1.3 rebounds, and 1.2 assists per game.

Also, assistant coach Gordon Chiesa resigned from his position citing
family problems as the reason.

NJN