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The Phoenix Suns and president of basketball operations Lon Babby have agreed on a two-year extension. The deal will keep him in town through 2014-15.

The story was first reported by the Arizona Republic's Paul Coro.

"Lon has led our front office during this important transition period for the organization and he has my full support as we continue to rebuild," said Suns owner Robert Sarver in a press release.

Babby, 62, has been with the Suns since summer 2010, when he joined the team after owner Robert Sarver restructured the front office. Before that he was a player agent, having represented stars such as Grant Hill and Tim Duncan.

"I greatly appreciate the faith that Robert Sarver and the entire Suns organization have demonstrated with this new contract," said Babby in the release. "We have begun the heavy lifting needed to rebuild our team. While the transition is often painful, I am entirely confident that we are taking the necessary steps to regain elite NBA status. I fully embrace the opportunity to continue on that path."

Arizona Sports,

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