Statement from Dolan, Grunwald on D'An

James Dolan released the following statement through the Knicks, who formally announced that they had "mutually" parted ways with Mike D'Antoni.

"After speaking with Mike this morning, we mutually agreed that it would be best for the organization if he did not continue in his role as coach of the Knicks," said Dolan, executive chairman of The Madison Square Garden Company. "Mike is a class act and true professional and we have appreciated his honesty, commitment and years of service to the organization."

Interim GM Glen Grunwald also released the following statement on D'Antoni's departure:

"We thank Mike for the hard work he and his staff had put towards making New York a destination for great players in our league as we went through our rebuilding process," Grunwald said. "But now is the time to look forward to the remaining 24 games of the season. We have a lot of faith in Mike Woodson, who will focus all of his efforts to get this team back into the playoffs and make our final push."

Much more to come.