"After a thorough internal process, which included conversations with Lionel and his representatives, we decided as an organization to move in a different direction," said Jason Levien, CEO & Managing Partner of the Memphis Grizzlies and FedExForum.
"On behalf of the Grizzlies organization I would like to thank Lionel for his service and hard work in helping this organization throughout his years in Vancouver and Memphis," Levien continued. "Lionel, the coaching staff, the players and the organization achieved new heights this season with our run to the Western Conference Finals and for that, we are grateful. The entire Grizzlies family wishes Lionel all the best and great success as he moves forward in his career."
“We have begun to identify our next head coach, who we feel can best move us forward,” Levien further said.
In three stints as the Grizzlies head coach (99-00, 04-05, 09-13) Hollins finished with a record of 214-201. This past season Hollins coached the Grizzlies to their most successful season in franchise history going 56-26 in the regular season and making the Western Conference finals for the first time ever. He also coached the team to their first playoff victory and first series win.