CHICAGO -- If the Nets go with a full-fledged coaching search in the offseason, it looks like general manager Billy King will be a part of it.

King and the Nets are on the verge of a multiyear contract extension, according to Yahoo! Sports. His deal, along with many others in the team's basketball operations department, is set to expire this summer.

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P.J. Carlesimo, whose future could be partially decided by King, said he wasn't aware of the soon-to-be-completed deal.

"That's the first I heard about it," the Nets' interim coach said before last night's Game 3 against the Bulls, "and I'm not going to comment on a rumor. I hope it's true."

King was instrumental in assembling the Nets' roster for their inaugural season in Brooklyn, making the trade for Deron Williams in 2011 and swinging a trade with the Hawks last summer for Joe Johnson.

Asked how he would describe what King's done in building the Nets, Carlesimo said: "Great job."

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With King's extension forthcoming, that could mean the Nets won't be in the potential Phil Jackson sweepstakes. The former Lakers coach is said to want to be a part of the front office of any team he may possibly join, and with King in line to still call the personnel shots, that likely eliminates the Nets.