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Nets fire coach Lionel Hollins, demote GM in stunning shakeup

The Nets are cleaning house.

Coach Lionel Hollins was fired and general manager Billy King was reassigned within the organization in a stunning major shakeup announced Sunday morning.

“After careful consideration I’ve concluded that it’s time for a fresh start and a new vision for the direction of the team,” owner Mikhail Prokhorov said in a statement. “It’s clear from our current state of affairs that we need new leadership.”

The Nets are second-to-last in the Eastern Conference at 10-27, with a bloated payroll and yawning deficit of talent and draft picks.

Hollins finishes with a record of 48-71 in one-plus seasons with the Nets.