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Minnesota Timberwolves fire coach and team president Tom Thibodeau

The Minnesota Timberwolves have fired team president and head coach Tom Thibodeau, the team announced Sunday night.

Assistant coach Ryan Saunders will take over as interim coach for the rest of the season, while Scott Layden will remain Minnesota's general manager.

The move comes just hours after the Wolves' emphatic 108-86 victory over the Los Angeles Lakers improved their record to 19-21, including 14-6 at home. They are 11th in the Western Conference standings.

Layden and Minnesota CEO Ethan Casson walked into Thibodeau's office and fired him after the victory over the Lakers, league sources told ESPN.