Update at 5:18 p.m. ET: The Utah Jazz confirmed the resignations of head coach Jerry Sloan and assistant Phil Johnson. No explanation was given in a news conference that is still underway.
"My time is up and it's time for me to move on," Sloan said.
Update at 5:25 p.m. ET: Utah Jazz CEO Greg Miller said, "Nobody pushed Jerry or Phil out," including team executives and Jazz players. "All of us that are in the room threw everything we had at him (Sloan) to get him to stay."
Update at 5:27 p.m. ET: Tyrone Corbin was named as the new head basketball coach of the team.
Update at 5:36 p.m. ET: Sloan said reported conflicts with players did not prompt his departure. "I've had confrontations with players since I've been in the league," Sloan added. "There's only so much energy left and my energy has dropped."
Update at 5:55 p.m. ET: After the news conference, KSL-TV asked Sloan whether reported conflicts with guard Deron Williams forced him to leave. "I forced myself out," Sloan responded.
Our original post:
Multiple news organizations in Salt Lake City are reporting that Utah Jazz coach Jerry Sloan will announce his resignation at a news conference set for 5 p.m. ET.
The Salt Lake Tribune and KSL television quote unnamed Utah Jazz sources about the expected resignation.
The team says "a significant announcement" will be made at this afternoon's news conference.
Sloan, 68, has coached pro basketball's Utah Jazz for 23 years and is the longest-serving coach in any American professional sport. He's already a member of the Basketball Hall of Fame and he was the first NBA coach to win 1,000 games with a single team.
The Jazz have 31 wins and 23 losses this season and are in sixth place in the Western Conference. But the team has struggled lately and the reports of Sloan's resignation follow closed door meetings with team management after last night's 91-86 loss to the Chicago Bulls.
"Sloan appeared visibly shaken after the meeting, and would not discuss what was said," reports Michael C. Lewis of the Salt Lake Tribune
Sloan led the Jazz to two conference championships, seven division titles and 16 consecutive winning seasons.