The Los Angeles Lakers announced on Wednesday night that Mike D'Antoni has resigned as head coach. Per ESPN
D'Antoni's resignation ends the brief tenure of the Lakers' fourth head coach in less than three years. He went 67-87 after taking over the Lakers early in the 2012-13 season. He replaced the fired Mike Brown, who lasted just 71 games after replacing 11-time NBA champion coach Phil Jackson.
Sources believe that the Lakers did not want to pick up the team option on the final year of D'Antoni's contract. Both sides agreed on a settlement that will pay him more than half of the $4 million he was owed for next season. The Lakers would recoup some of the money if D'Antoni find another job this year.