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Ernie Grunfeld Says Wizards Are In 'Year Two Of A Three-Year Rebuild'

The Washington Wizards are retaining president Ernie Grunfeld, who has been with the organization for the last nine years. Some like it. Others don't. Grunfeld recently signed a two-year extension, which would keep him with the Wizards through the 2013-2014 season. After the announcement on Tuesday, he met with the media for about 15 minutes, discussing a range of topics and also conceding that the Wizards are in the second year of a three-year rebuilding plan.

"We're a competitive team. Obviously, we still have a lot of work to do, this is year two of a three- year rebuild so we're moving to a direction where we want to be more competitive next year, we want to compete harder on a nightly basis. Our young guys need to continue to develop, we're going to have another high pick that we're going to have to get into the mix so it remains to be seen exactly where we are in that rebuild."

The Wizards, at 18-46, currently have the second-worst record in the NBA behind the Charlotte Bobcats. As a result, they are expected to obtain a high selection in June's NBA draft, which is largely considered to have far more talent than in recent years.

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