February 20, 2010 Milwaukee, WI. Bradley Center..Charlotte Bobcats Head Coach Larry Brown..Milwaukee Buck won over the Charlotte Bobcats 93-88. Mike McGinnis/CSM.

Charlotte Bobcats Chairman and CEO Michael Jordan announced today that Larry Brown is stepping down as head coach of the team, effective immediately.

“I met with Coach Brown two weeks ago about the team’s performance and what we could do to improve it. We met again this morning after practice. The team has clearly not lived up to either of our expectations and we both agreed that a change was necessary,” Jordan said.

“This was a difficult decision for both of us, but one that needed to be made. I want to thank Larry for everything he has done for our team. He has played a key role in this organization’s development including coaching us to our first-ever playoff appearance last season. Larry will continue to be a valuable advisor to me regarding the team. The search for a successor will begin immediately.”

Brown was named the third head coach in team history on April 29, 2008, and compiled a record of 88-104 (.458) in two-plus seasons with the Bobcats.

The AP reports: The 70-year-old Brown, a Hall of Fame coach who was in the third season of his 13th professional and college head coaching job, had been upset with his team for weeks. The Bobcats (9-19) had lost three games by 31 or more points in 10 days before Tuesday’s fourth-quarter meltdown against Oklahoma City. Brown, who had two years left on his contract, didn’t immediately return a message on his cell phone seeking comment.

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