Washington Wizards owner Abe Pollin announced today that the team has signed President of Basketball Operations Ernie Grunfeld to a multi-year contract extension.

"Ernie has done an outstanding job in his tenure with the Wizards and is most deserving of this extension," said Pollin.  "From his first day, Ernie has worked tirelessly to improve our team, and everything he has done has been with an eye toward our long term success.  I'm proud of the direction our team is going, and with two consecutive playoff appearances behind us, our future looks extremely bright."

"I'm honored and flattered with Mr. Pollin's confidence and trust in what we've done," said Grunfeld.  "Mr. and Mrs. Pollin have been great owners and are extremely supportive of all that we've tried to accomplish, and I feel that we are positioned very well to be an extremely competitive team for years to come.  I enjoy working with everyone in this organization.  My family and I have really enjoyed our time in Washington and we have become part of the community.  We?ve enjoyed getting to know the extremely knowledgeable and supportive fans that attend our games, and I'm very excited about the future of this organization."