Lakers' Mike D'Antoni Resigns As Coach

The Los Angeles Lakers announced on Wednesday night that Mike D'Antoni has resigned as head coach. Per ESPN:

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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.

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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.