As a key summer for the Golden State Warriors looms, the team is making sure two of its top decision-makers aren't going anywhere.

Marc Stein of The New York Times reports Rick Welts, the Warriors' president and chief operating officer, and Bob Myers, the Warriors president of basketball operations, have each reportedly agreed to terms with the franchise on new contracts. The deal assures the Warriors of having its leadership structure in place as it moves into the Chase Center for the 2019-20 season.

The news was later confirmed by the team.

The Warriors have agreed to multi-year contract extensions for President & Chief Operating Officer Rick Welts and President of Basketball Operations / General Manager Bob Myers: pic.twitter.com/teMxMCrCm6 — Warriors PR (@WarriorsPR) June 28, 2019

The Warriors have also reached terms on a new multi-year deal with president and chief operating officer Rick Welts, league sources say — Marc Stein (@TheSteinLine) June 28, 2019

The Warriors have reached terms on a multi-year contract extension with president of basketball operations Bob Myers, league sources say — Marc Stein (@TheSteinLine) June 28, 2019

The two new contacts cement Golden State's leadership structure for the next several seasons as the Warriors prepare to move into the new Chase Center in San Francisco next season — Marc Stein (@TheSteinLine) June 28, 2019

I can confirm the @TheSteinLine report that the Warriors have agreed to multi-year extensions with Bob Myers and Rick Welts. Expect an announcement from the team shortly. — Connor Letourneau (@Con_Chron) June 28, 2019

Welts has served in his role since September of 2011, coming to the Warriors after spending nine years with the Phoenix Suns as the team's president and chief executive officer. Before taking that role, he had spent 36 years of experience in the league in a variety of positions. Welts spent nearly two decades with the NBA (1982-99) as the executive vice president, chief marketing officer and president of NBA properties.

Warriors COO Rick Welts has been with the team since 2011.

Additionally, Welts is a Naismith Memorial Basketball hall of Fame inductee.

Myers has been with the Warriors since April of 2012 and is a two-time winner of the NBA's Executive of the Year Award (2014-15 and '16-17). He has presided over Golden State's most successful era, which has included five consecutive trips to The Finals and three NBA championships in that span.

He was responsible for hiring Steve Kerr as coach after the 2013-14 season and the drafting of versatile forward Draymond Green in the 2012 Draft. Myers also helped the Warriors secure Kevin Durant in the summer of 2016 in one of the NBA's most surprising offseason transactions ever.

Golden State is staring down a critical free-agent period, which opens at 6:01 p.m. on June 30. Durant, Klay Thompson and DeMarcus Cousins are among the key contributors on the Warriors who will be free agents this summer.