Hornets coach Byron Scott signed a three-year contract extension Tuesday that will keep him with the team through the 2008-09 season, the Associated Press is reporting.

Financial terms of the deal weren't disclosed, but in 2004, Scott signed a three-year, $10 million contract with the Hornets, with a team option for a fourth year. Scott said earlier this week that the new deal included bonuses for wins, reaching the playoffs and other milestones.

"It wasn't anything that I was worried about," Scott said about the delay in signing the extension. "I knew it was just a matter of time. We had other pressing issues that we had to deal with and we still have to deal with, but I'm very excited and very happy about this being done at this particular time."