Indiana Pacers CEO Donnie Walsh's career as a team executive will end after this season.
Walsh says he will finish the season and will not comment on his future plans.
He says the time is right to go and that he has enjoyed his 24 years with the club. That includes the last few years, when the team has dealt with a series of legal problems involving players.
Walsh says Monday's announcement should not be a surprise, since he has said previously that this would be his last season. Walsh started with the Pacers as an assistant coach in 1984, became general manager in 1986 and has served as president since 1988. During that time the Pacers reached the Eastern Conference finals six times and won the Central Division four times.
Team president Larry Bird will take over many of Walsh's duties.