A league source told Berman that King, who was nominated for the fifth time this year, did not receive enough votes to be part of the 2012 Basketball Hall of Fame induction class. The Hall of Fame inductees will be announced on Monday.
King averaged 22.5 points and 5.8 rebounds per game during a 14-year career that ended in 1993. He began and ended his career with the Nets, playing his first two seasons in New Jersey and returning from a one-and-a-half year hiatus to end his career with a 32-game stint in New Jersey in 1993. King also spent four years with the Knicks, averaging a career-high 32.9 points per game during the 1984-85 season.
Other nominees include Don Nelson, Reggie Miller and Rick Pitino. Nelson has already been informed that he will be inducted.