Tuesday , Jun , 06 , 2006 C.Y. Ellis

Nets exercise Frank’s option

East Rutherford, NJ (Sports Network) – The New Jersey Nets exercised the
option on the contract of head coach Lawrence Frank for the 2007-08 season on
Tuesday.

Frank guided the Nets to a 49-33 record this past season, which included an
Atlantic Division title and a first-round playoff win over Indiana. New Jersey
also enjoyed an NBA season-high 14-game win streak from March 12-April 6.
Frank was named NBA Eastern Conference Coach of the Month for the month of
March after posting a 12-3 record, and guided his squad to an all-time
franchise-mark for road wins in a season with 20.

“Lawrence has done an excellent job for the Nets since he was named head coach
two and a half years ago,” said team president Rod Thorn. “He has led his team
to two Atlantic Division titles, and has made the playoffs every season. We
look forward to continued success.”

Since being installed as head coach on January 26, 2004, Frank has piloted New
Jersey to a 116-88 mark in 204 career games. The Nets have reached the
playoffs in all three of his campaigns at the helm, and have captured two
division titles.

“I would like to thank the Nets ownership, management, staff and players,”
said Frank. “The extension is a reflection of the hard work put in by our
players, as well as our staff, and their commitment to winning. All of us
look forward to continuing to work towards our goal of winning a
championship.”

NJN