The Denver Nuggets and head coach George Karl have decided to part ways, even after Karl won the 2012-2013 Coach of the Year Award.
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Karl, who was entering the final year of his contract, wanted a long-term extension and the Nuggets front office was not ready to commit to Karl long-term.
Karl had been the coach of the Nuggets for the last 9 seasons, and never had a losing record as a head coach. He led the Nuggets to the Northwest Division Title three times during his tenure, and never finished below second.
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However, Karl was only able to lead the Nuggets out of the first round of the playoffs once throughout his 9 years there.
Karl is a very good coach, and will most certainly have job options available to him whenever he decides he wants to return to the bench.
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This story was first reported by Adrian Wojnarowski of Yahoo Sports.