Valencia Basket reached a new agreement with head coach Jaume Ponsarnau to keep working together next season, the club announced Wednesday. Ponsarnau, age 49, led Valencia to both the Spanish League and the Spanish Copa del Rey semifinals last season. His team ranked 10th in the Turkish Airlines EuroLeague Regular Season standings with a 12-16 record when the competition was cancelled due to the COVID-19 pandemic. It was Ponsarnau's second season as Valencia's head coach. He joined Valencia in 2016 and spent two years as an assistant coach, first under Pedro Martinez and then under Txus Vidorreta. He was promoted to head coach in 2018 and led Valencia to its fourth EuroCup title in April 2019. As Martinez's assistant coach, Ponsarnau helped Valencia win the Spanish League title and reach the EuroCup Finals in 2017. He started his career with Club Natacio Tarrega and also coached Basquet Manresa and Gipuzkoa Basket Club. As an assistant coach, Ponsarnau also worked with the Spanish national team and helped it get a bronze medal at the 2016 Olympic Games in Rio de Janeiro, Brazil. "Losing players like Matt Thomas and Will Thomas (before the start of the 2019-20 season) was a handicap which forced us to rebuild. Once we have identified that, we have to check the market to take the step that we saw we can take, and improve the team's competitiveness with certain players that have certain skills."