Nuggets pick up option on Karl's contract

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DENVER, Oct. 10 (UPI) -- The Denver Nuggets exercised an option in their contract with George Karl, locking in the agreement with the NBA coach through the 2009-10 season.

Karl signed a 6-year contract with Denver when he took over the team in January 2005. Since then, the Nuggets have gone 76-46 and last year won the NBA's Northwest Division title.

"I really want to thank (team owner Stan Kroenke) for making this commitment," said Karl. "This franchise is moving in a great direction and I'm honored to be apart of it. ...

"The Nuggets have great ownership, a committed front office and a collection of coaches and players that I think can be special. I look forward to continuing what we've started."

Karl's 784 career wins over 18 seasons, with Cleveland, Golden State, Seattle, Milwaukee and the Nuggets, leave him tied for 12th-most in NBA history. His teams have won six division titles and have qualified for the postseason 15 times.