The Charlotte Hornets have agreed to a multiyear extension with head coach James Borrego, the team announced Monday.
Borrego had been entering the final season of his original four-year deal.
Borrego, 43, has transitioned a veteran-laden roster to a talented young core that includes Rookie of the Year guard LaMelo Ball, Miles Bridges, P.J. Washington and veteran Gordon Hayward, who had a strong but injury-shortened season. The Hornets added UConn's James Bouknight with the 11th pick in the NBA draft and guard-forward Kelly Oubre Jr. in free agency.
One of Borrego's best player projects, Devonte' Graham, was lost to the New Orleans Pelicans in a sign-and-trade deal.
"We're extremely pleased with the job that Coach Borrego and his staff have done in their three years in Charlotte," president of basketball operations and general manager Mitch Kupchak said in a statement. "Coach and his staff have built a strong player development program and it has resulted in the continued improvement of our young players. He has implemented an exciting style that our team likes playing and our Hornets fans enjoy watching."
Borrego is 95-124 in his first three seasons, including 33-39 and a 10-seed in the Eastern Conference last season. Charlotte lost to the Indiana Pacers in its play-in tournament game.
Charlotte had been as high as a 4-seed in the Eastern Conference before key players Ball, Hayward and Bridges were lost to injuries for extended periods of time.
"I'm thrilled with reaching an extension to remain as the head coach of the Charlotte Hornets," said Borrego in a statement. "I want to thank Michael Jordan, Mitch Kupchak and Buzz Peterson for their continued confidence in me and I want to thank my coaching staff for all of their hard work.
"I'm truly excited about our future and the direction that we are headed. I'm proud to coach a group of dedicated, hardworking and talented players that are committed to both improving and winning."
The first Hispanic full-time head coach in NBA history, Borrego was originally hired by the Hornets in May 2018, after spending the previous three seasons as an assistant coach with the San Antonio Spurs.
ESPN's Adrian Wojnarowski contributed to this report.