Martin's extension with Kings worth more than $50M

SACRAMENTO, Calif. -- During his rookie season Kevin Martin
was left off of the Sacramento Kings 2005 playoff roster. Almost
three years later, Martin's fortunes have changed.

Martin signed a five-year contract extension Wednesday
reportedly worth more than $50 million after he averaged a
career-high and team-leading 20.2 points, including 4.4 rebounds,
2.2 assists and 1.23 steals-per-game during the Kings 2006-07
season. The 26th overall pick in the 2004 draft out of Western
Carolina also shot 38.1 percent from the 3-point line and 84.4
percent from the free-throw line.

At a news conference held in downtown Sacramento, Martin thanked
his family, agent and the Kings organization for drafting, at the
time, an unknown 6-foot-8, 172-pound athlete from a remote

"I really want to thank Geoff Petrie and an organization for
taking a chance on a skinny kid from a small school," Martin said.

Petrie, the Kings' president of basketball operations, said
Martin's performance last season is only a prelude to greater
success. Off the court, Petrie and the Kings likes Martin's
commitment to the Sacramento community.

"I'm really delighted that we could complete this extension,"
Petrie said. "If anybody has watched Kevin play in the past year
and a half has recognized that he's one of the exciting young
players in the league. He's not just a big part of the present, but
a large part of the future."

First-year coach Reggie Theus said Martin deserves every penny
he has earned due to his work ethic.

"The fact is he's been working out very hard every day," Theus
said. "Obviously, he's a rising star and such a great example for
the rest of the guys on the team. I'm glad to be coaching him and
shooting him out for his lunch money every now and then."

Kings co-owner Gavin Maloof said signing Martin was one of the
team's priorities at the end of last season.

Some reports say that Martin's five-year deal is closer to $55
million. "We don't ever discuss the specifics of contracts,"
Petrie said. "But it's certainly a significant contract and one
that Kevin, Jason, and I are very happy about."

Martin, who averaged 23.3 points in three seasons with Western
Carolina, has averaged 12.8 points, 3.4 rebounds, and 1.5 assists
in the NBA. The shooting guard has started 121 out of 197 career

Martin said he is excited about getting the Kings back on track.

"I never been a guy motivated by money," Martin said. "But
now I have an opportunity, along with my teammates, to bring
Sacramento basketball back to its winning ways and to compete for a
championship very soon."