Coach Keith Smart, who went 20-39 in his first season coaching the Kings, had his contract extended Monday through the 2013-14 season.
The move was announced by Sacramento's President of Basketball Operations, Geoff Petrie.
Im excited to continue this process with the Kings, Smart said. Were trying to get our franchise moving in the right direction. The goal is to keep moving in that positive direction, and Im glad that I get that opportunity. Its been great working with Geoff and his staff and communicating with the Maloofs in this process.
Before leading the Kings, Smart, 47, coached the Warriors (2010-11), and Cavaliers (2002-03). He has a lifetime record of 65-116 (.359). The Warriors decided not to extend Smarts contract last year after he replaced Don Nelson before training camp in 2010.
Smart was named Sacramento's head coach on January 5, 2012, becoming the franchises 24th head coach. He took over for the fired Paul Westphal in January after a 2-5 start.
"Keiths extension gives us the stability we need to continue the development of our team," Petrie said. "He has the commitment, energy and vision necessary to succeed in building a winning team. We are all looking forward to working with him as we pursue an exciting and productive future."
Smart hit the game-winning shot in the 1987 NCAA championship game, lifting Indiana to a 7473 victory over Syracuse.
In their search for Scott Perry's replacement, the Kings have spoken with the former GM of the Orlando Magic.
Otis Smith, who served as the Magic GM from 2006 to 2012, reportedly met with the Kings about their recently-vacated VP of basketball operations job.
News of the meeting for was first reported by ESPN.
Perry left the Kings this month to become the GM of the Knicks.
Smith has ties to Northern California. As a player, Smith's rights were sold by the Nuggets to the Warriors in 1987. He played in 137 games over two seasons with the Warriors.
After his playing days were over, Smith joined the Warriors' front office as the executive director of basketball operations.
Currently, Smith is the director of player development and an assistant coach for the Detroit Pistons.
Jimmer Fredette is reportedly going back to China.
Fredette agreed to terms on a two-year deal with the Shanghai Sharks worth $1.8 million annually, according to David Pick.
Fredette has accrued five years of NBA service.
The minimum NBA salary for Fredette in 2017-18 would be...
The Kings selected Fredette with the 10th overall pick in the 2011 draft.
He averaged 7.6 points per game as a rookie and 7.2 points in Year 2.
Sacramento waived Fredette in February 2014.
Over 50 games with the Pelicans in 2014-15, he averaged 3.6 points per game and shot below 19 percent from deep.
He did not see any action against the Warriors in the opening round of the 2015 playoffs.
In China last year, Fredette averaged 37.6 points and 8.2 rebounds per contest.
He scored 73 points on Feb. 19.