Pacers’ Carlisle out as coach

Indiana finished just 35-47 in 2006-07, good for fourth place in the Central Division. The Pacers failed to qualify for the playoffs for the first time since the 1996-97 campaign.

"Rick’s contributions to this franchise, first as an assistant coach, then as a head coach, have been tremendous," said Pacers president of basketball operations Larry Bird on Wednesday. "This is a mutual decision and we’re happy that Rick will consider remaining with the franchise."

In four seasons as the Pacers mentor, Carlisle compiled a 181-147 record and the team made the NBA playoffs in three of his four seasons at the helm.

His best season in Indianapolis was his first. In 2003-04 the Pacers posted a 61-21 record — the best mark in franchise history — and reached the Eastern Conference finals.

"My wife, Donna, and I are very grateful to have had the opportunity to be part of a great organization like the Indiana Pacers for seven of the last 10 years," said Carlisle. "We wish to thank Mel and Herb Simon, Larry Bird, Donnie Walsh and our players for a great experience. This is a class organization with great leadership and a loyal fan base that’s second to none."

Indiana’s search for a new head coach will begin immediately.