The Houston Rockets have agreed to a five-year contract extension with Daryl Morey.

Morey had been in the final season of his contract with the Rockets. Morey became GM of the Rockets in 2007.

"I'm super happy," Morey said. "I'd love to be with the Rockets for life. This obviously solidifies us for a little while. I'm just really thankful to Tilman Fertitta for having the faith in our team. And really, it is about us having a team of people that makes this all work; Coach (Mike) D'Antoni, (vice president) Keith Jones, (vice president) Gersson Rosas, (trainer) Jason Biles, (assistant general manager) Monte McNair, (assistant general manager) Eli Witus, (assistant general manager, Vipers GM) Jimmy Paulis.

"We have too many people to mention, but I'm only as good as the people behind me."

The Rockets haven't won a title since 1995.

"We're trying to give ourselves a chance to win every year," Morey said. "I feel like we've done that most years well while our team of people have been here. I think we've given ourselves a very good chance to win this year. Frankly, I think that's all you can ask for a group working with a team. Obviously, we'd love to deliver a ring this year or very soon."