"This is a very difficult day for me," said Mullin. "Mike is a terrific basketball coach who has enjoyed a great deal of success throughout his career. His accomplishments in this game are well-documented and, in addition to his resume, you would be challenged to find a better person with more character. He has an impeccable reputation both on and off the court and I have the utmost respect for him. Based on this agreement, we will now focus our efforts in a different direction and do what we think is in the best interest for this team. We thank Mike for his contributions and certainly wish him well."

Montgomery, 59, was named head coach of the Warriors on May 21, 2004. Prior to joining Golden State, he spent 18 years at Stanford University, where he guided the Cardinal to 16 NCAA post-season appearances and a trip to the 1998 Final Four.

"I'm very appreciative of the opportunity that I was presented two years ago," said Montgomery. "This was a new challenge that I was eager to embrace and glad that I had the chance to pursue and experience. I'd like to thank the Warriors' organization for their support, professionalism and class, and I'd also like to thank the fans of the Bay Area. This is a tremendous region for basketball and the support that they have provided me over the years has been simply outstanding."

PRESS CONFERENCE

The Warriors will hold a press conference on Wednesday, August 30 and you're invited! Find out more