Denver Nuggets agree to contract extension with head coach Michael Malone

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DENVER — Michael Malone will be staying on as head coach of the Denver Nuggets.

Team officials announced Tuesday that they and Malone agreed to a contract extension. The team didn’t release details of the extension, citing team policy.

Malone led the Nuggets to a record of 54-28 this season, the second-best in franchise history, and led the team to the second round of the NBA Playoffs for the first time since the 2008-2009 season.

“I would like to thank Josh, Stan and the entire Kroenke family, along with Tim Connelly and the front office, for continuing to believe and trust in me as their head coach,” Malone said. “None of this would be possible without the hard work, dedication and trust from our players as well as the entire coaching staff. I’d also like to thank the amazing fans in Denver who have helped make Pepsi Center one of the toughest places to play in the NBA once again. I look forward to continuing our ultimate goal of winning NBA Championships.”

Since taking the head coach job, Malone has led the team to an overall record of 194-163, the fourth-best record among head coaches in the team’s history.