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 PHILADELPHIA (AP) -The 76ers fired general manager and team president Billy King on Tuesday and replaced him with New Jersey Nets general manager Ed Stefanski.
New Jersey Nets president Rod Thorn confirmed the move to The Associated Press.
``He's been a big part of our success here the last seven years,'' Thorn said. ``He's a wonderful guy. Very competent. I'm sure he'll do a great job there.''
The Sixers called a mews conference for later Tuesday.
King, who had been with the franchise since June 1997, had said he was using this season as the start of a three-year rebuilding plan. The Sixers are 5-12 and in last place in the Atlantic Division. After reaching the NBA Finals in 2001, Philadelphia has missed the postseason three of the last four years and King traded former MVP Allen Iverson to Denver last December.
Stefanski served as New Jersey's general manager since 2004.
King was in the final year of his contract.
King did not immediately return a request for comment.
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AP sports writer Tom Canavan in New Jersey contributed to this report.

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