Chicago Bulls Executive Vice President of Basketball Operations John Paxson announced today that Fred Hoiberg has been relieved of his duties as head coach of the team.
In a statement released this morning, Paxson said:
"Decisions like this one are never easy to make, however I felt this was the right choice for our organization at this time. After a thorough evaluation, I elected to make this move with the overall development of our team in mind. As a team, I believe it is imperative that we make unfaltering strides in the right direction and build the right habits to help put our players in the best position to evolve not only now, but into the future.