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Zach Lowe: "Serious rumblings" of a Billy King contract extension?

In his appraisal of how first round casualties are looking at the off-season, Zach Lowe of Grantland reports,

The Nets did not pick up their option for next season on Bobby Marks, a cap whiz who has been with the franchise for 20 years, per Mike Mazzeo of ESPN New York. There are also serious rumblings that GM Billy King is on the verge of a contract extension, but Nets officials are mum on the matter.

King's contract has a year to run but teams often will give a favored GM an early extension so they don't look like lame ducks .