"And we're going to see what we can do with this season and then we'll see what next season brings," King added. "Now that we're within this season, this is the now."
Team owner Mikhail Prokhorov, who is due to pay about $80 million in luxury tax, has said his goal was to win a championship within five years of buying the team in 2010.
Kevin Garnett, who was acquired over the summer from Boston, said he was "very close" to retiring but added that a shot at a title was "the only reason I came back.
"I liked the bones of this team and what I thought I could bring to this team would help," Garnett said. A championship, he added, "would mean the world."
The Nets acquired Garnett, Paul Pierce and Jason Terry from the Celtics, signed free agents Shaun Livingston, Alan Anderson and Andrei Kirilenko and hired first-year coach Jason Kidd days after he ended his playing career.
Knicks coach says J.R. Smith must "grow up"
Knicks coach Mike Woodson said Wednesday that J.R. Smith needs to "grow up and do the right things" after the sixth man was suspended five games by the NBA for violating the anti-drug policy.
Woodson said he was disappointed in Smith's actions, but would continue to support him.
"I'm not going to throw him out to the pasture," Woodson said. "My job is to coach him and make sure something like what happened doesn't happen again. That's what we do as coaches, and I expect his teammates to show him love. But at the end of the day he's got to do the right thing by J.R. and his teammates, and me as a coach and this organization and the fans that support him. I mean, that's what it's all about.
"He's got to grow up and do the right things."
LeBron tops NBA jersey sales list
LeBron James' jersey is the NBA's biggest seller worldwide.
The Miami Heat star tops the league's global list of top-selling jerseys for the 2012-13 season, edging Derrick Rose of the Chicago Bulls, Kobe Bryant of the Los Angeles Lakers, Kevin Durant of the Oklahoma City Thunder and James' Heat teammate Dwyane Wade for the No. 1 spot.