Doug Smith is tweeting Triano is out. As we all know, he wouldn’t be going out on the line like this if he didn’t have it on good word from someone in the know.

More news to follow as it trickles in.

Discuss…

Update: Holly MacKenzie is tweeting that his option has been declined, and Triano will be retained as a consultant/special assistant to president/GM.

Quotes from BC:

“I have great respect for Jay Triano both as a person and as a basketball mind,” said Colangelo. “Jay deserves tremendous credit for developing our young players this past season and our most recent win-loss record does not appropriately reflect his many positive contributions to this organization.

“This was a difficult decision to make, but after almost three full seasons of observation and evaluation I believe that bringing in a new voice as head coach will accelerate the progress we are looking to make in the coming years.

“I am very pleased that Jay has agreed to stay on and help see through the plan that we have designed and initiated together.”

“I am grateful to the organization for the opportunity to be a head coach in the NBA,” said Triano. “I am proud of the work that I and the coaching staff have done with our young players and feel confident we have laid the foundation for a team that will continue to improve. I look forward in assisting Bryan to deliver a championship team to Toronto.”

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