Mike D'Antoni, the Lakers coach who has been under fire during his two-year run, has resigned.
D'Antoni had one more year left on his contract, worth $4 million, according to the LA Times, but after a horrendous season that left the Lakers with a 27-55 record, their worst ever, the team had already decided against picking up his option for the 2015-16 season.
The coach had been at odds with some of the players regarding his style and many attributed the Lakers' woes to his game strategies, but regardless of the issue, a new coach will have to come in and try to turn things around after two messy seasons.
Magic Johnson, the team's president, was pretty happy about D'Antoni's resignation, taking to Twitter some brief thoughts about the news.
"Happy days are here again! Mike D'Antoni resigns as the Lakers coach. I couldn't be happier!" - Magic Johnson via Twitter.
Johnson had been urging the Lakers to hire Phil Jackson earlier this year before he was snatched up by the Knicks front office. Jackson left the team after the 2010-11 season after a handful of championships to retire from coaching.
"Given the circumstances, I don't know that anybody could have done a better job than Mike did the past two seasons," general manager Mitch Kupchak said in a statement. "On behalf of the Lakers, we thank Mike for the work ethic, professionalism and positive attitude that he brought to the team every day. We wish him the best of luck."
According to ESPN, D'Antoni will get only half of his $4 million that he was expected to get next season due to the resignation.
While finding a new coach will certainly be a focus for the Lakers, their immediate attention will be towards the NBA draft, according to a source who spoke to ESPN.
D'Antoni ended with a 67-87 record with the Lakers after replacing interim coach Bernie Bickerstaff early in the 2012-13 season.