Sacramento Kings President of Basketball Operations Geoff Petrie announced today that the team has decided not to pick up the option on Kenny Natt’s contract for next season, thus relieving him of his coaching duties. In a related move, assistant coaches Rex Kalamian, Jason Hamm, Randy Brown and Bubba Burrage were also relieved of their existing coaching responsibilities.

There are rumors that Sacramento may have interest in former Washington Wizards coach Eddie Jordan.

The Kings are in rebuilding mode. They have a big-time scorer (Kevin Martin), a few decent young big-men (Spencer Hawes, Jason Thompson) and a well-paid point guard who underperformed this season (Beno Udrih), and not a lot else.