Oklahoma City Thunder Chairman Clay Bennett announced today that the team and Executive Vice President and General Manager Sam Presti have agreed to a multi-year extension. Per club policy, the terms of the extension were not disclosed.

“We are fortunate to have Sam leading our basketball organization. He is extremely committed to the growth of our franchise, of our players, and this community. He has helped build an identity for this organization that we can all be proud of. I look forward to our continued work together as we experience the challenges of creating sustainable success.”

Presti, who was named General Manager on June 7, 2007, has rebuilt a Thunder roster that has made steady improvement over the last three seasons. Presti was promoted to Executive Vice President and General Manager prior to the 2009-10 season. The Thunder won 50 games last season capping a league best 27-game turnaround. Presti was named NBA Executive of the Year by The Sporting News after the Thunder captured the franchise’s first playoff berth in Oklahoma City.

“I am extremely humbled to have the opportunity to continue our work here with the Thunder. Oklahoma City is home for me. We have a committed group of players, excellent coaches led by Scott Brooks, and a support staff in both basketball and business, that is integral to the vision of our organization and I am grateful for their partnership.  I would also like to thank Clay for his support and trust. He has been central and unwavering in our efforts to build, enhance and sustain an elite franchise. We are fortunate to work with such a committed ownership group.”