Tommy Sheppard Released as President and General Manager of the Washington Wizards.

Statement from Ted Leonsis, Founder, Principal Partner, Chairman & CEO, Monumental Sports & Entertainment:

"Tommy Sheppard was relieved from his duties as General Manager and President of the Washington Wizards.  Failure to make the playoffs the last two seasons was very disappointing to our organization and our fans.  

A search for new leadership will begin immediately for an executive from outside the organization.  

I would like to thank Tommy for his dedication to the Wizards organization and wish him the best in his future endeavors."