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Larry Bird is stepping down as President of Basketball Operations for the Indiana Pacers, per the Vertical's Adrian Wojnarowski.
According to Woj, Kevin Pritchard, the current General Manager of the Pacers, will take over Bird's role effective immediately. Bird will remain with the club in a consultant role, though Wojnarowki reports the Orlando Magic have been putting out feelers regarding his availability. The Pacers have declined to comment on the move, other than to announce Bird will hold a press conference this Wednesday to elaborate on his future with the team.