EAST RUTHERFORD, N.J. -- The New Jersey Nets have exercised the option on coach Lawrence Frank's contract for the 2007-08 season, the team said Tuesday.
Frank signed a four-year, $10 million contract extension at the beginning of the 2004-05 season.
He led the Nets to a 49-33 record and the Atlantic Division title for the second time in three years this season. The team also had a 14-game winning streak that tied a franchise record.
Under Frank, who took over midway through the 2003-04 season when Byron Scott was fired, the Nets have a 116-88 regular season record. They are 12-14 in the playoffs, losing in this season's Eastern Conference semifinals in five games to Miami after eliminating Indiana in six games.
After taking over for Scott, Frank led the Nets to a 25-15 record, which included winning his first 13 games. The Nets reached the Eastern Conference semifinals that season.
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