The Denver Nuggets have agreed to a contract extension with head coach Michael Malone.

Tim Connelly, the Nuggets' President of Basketball Operations, made the announcement today. ESPN's Adrian Wojnarowski reported that the extension will keep Malone in Denver through the 2022-23 season.

Malone has had a great stint with the Nuggets so far. Last season, he led the team to a 54-28 record en route to securing the #2 seed in the Western Conference. The team also advanced to the playoffs for the first time since the 2008-09 season.

This year, Denver is still doing pretty well. They're second in the West anew with a 21-8 record and they have won seven straight games.

Malone's overall record as the Nuggets' head coach is 194-164 (.543).

Connelly said that the Nuggets are glad that they're able to work a new deal with Malone, per NBA.com.

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“We have been very fortunate to have Coach Malone lead our resurgence. His tireless work ethic and passion are clearly reflected in the continued improvement of our roster. We are all extremely excited for him to continue to lead our team as we try to build a championship level organization.”

Meanwhile, Malone is thankful for the opportunity to coach a young, talented team like the Nuggets for the foreseeable future.

“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. 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.”