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Grizzlies part ways with CEO Jason Levien

By Matt Moore | NBA writer

Jason Levien is out in Memphis. (USATSI)
Jason Levien is out in Memphis. (USATSI)

More Offseason Analysis: Coaching changes, news | Free Agency | Draft

The Memphis Grizzlies announced Monday that CEO Jason Levien and assistant executive Stu Lash have both departed the organization.

“Our franchise has made tremendous strides over the last few seasons and we thank Jason for his hard work and dedication and wish him nothing but success in his future endeavors,” said Grizzlies Controlling Owner Robert Pera. “Rest assured that we remain as committed as ever to bringing a championship to this great city and we are confident that when the new season begins our fans will be excited about both our roster and the direction of our organization.”

The team announced former GM Chris Wallace will reassume control over the team's basketball operations.

It's a stunning move for an organization that saw major changes when Pera took over the team last year. The Grizzlies went on to set a franchise record for wins and reach the Western Conference Finals for the first time in team history. Then that summer, the decision was reached to not re-sign coach Lionel Hollins after his deal expired. Assistant coach Dave Joerger was hired in his place. The team struggled through early season malaise and a knee injury to Marc Gasol to win 50 games and reach the seventh seed in the Western Conference, losing to Oklahoma City in seven games.

Wallace had been the architect of the team's contending core with Mike Conley, Zach Randolph, and Marc Gasol under former owner Michael Heisley who passed away this spring.

The fate of assistant GM John Hollinger and Joerger are unclear at this point, as both were choices made by Levien. The Commercial Appeal reports that Wallace intends to keep Joerger on:

Levien, a former agent, owns a minority share of the team and is a former minority owner of the Philadelphia 76ers. He and his front office had constructed a lot of flexibility for the Grizzlies' roster this summer, with Zach Randolph, Mike Miller, and Ed Davis free agents in advance of Marc Gasol's free agency in 2015.

ESPN reports Pera may look to lure Tom Thibodeau from the Bulls:

And Yahoo Sports reports on how long the conflict has been going on:

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