The Hornets are dismissing coach James Borrego after four seasons, according to Adrian Wojnarowski of ESPN.
Borrego, 44, led the Hornets to a 43-39 record, a 10-game improvement from the previous season. But they lost badly to the Hawks in the play-in tournament and failed to make the playoffs.
The move comes after Borrego received a contract extension last August. At the time, he had just this season remaining on his deal.
Rumors persisted most of the season that Borrego was likely safe for next season, and that the future of GM Mitch Kupchak with the franchise may be in doubt. Last month, Jake Fischer of Bleacher Report wrote that Kupchak may be in line for an advisory role with the team.
Borrego has compiled a 148-183 record in his four years with Charlotte. He had been an assistant with the Spurs, Magic and Hornets before that, landing his first NBA assistant coaching job in 2010.
There has been no official word on Borrego from team owner Michael Jordan or the Hornets as of yet. Stay tuned to Hoops Wire as this is a developing story.