Hornacek was terminated as Knicks head coach late Wednesday night, along with assistant Rambis at the end of the regular season.

Early on Thursday morning, the Knicks front office, team resident Steve Mills and general manager Scott Perry, informed former head coach Jeff Hornacek that he’d been relieved of his duties, per ESPN.  Along with Hornacek, long-time Knicks assistant, and once interim head coach, Kurt Rambis was also let go by the team. By the end of his second season, Hornacek had coached New York to a 60–104 record and a 36.6 win percentage. It was an improvement from his predecessors Derek Fisher 40–96 record, 29.4 win percentage, and Rambis‘ own 9-19 record and 32.1 win percentage.

Hornacek was brought on as the head coach by former President of Basketball Operations Phil Jackson. With these two firings, the Knicks are one step closer to moving on from the executive’s now-defunct era. His final game as the Knicks’ head coach ended with a blowout win against the Cleveland Cavaliers.

With the sacking of Hornacek now fully realized, the Knicks have another big decision to make this summer. ESPN’s Adrian Wojnarowski also reported on rumored potential replacements such as David Fizdale, formerly of the Memphis Grizzlies, Mark Jackson, former head coach of the Golden State Warriors, David Blatt, former Cleveland Cavaliers head coach currently coaching in Turkey, and Jerry Stackhouse, current head coach of the Toronto 905.

UPDATE: 7:49 a.m. EST.

Here’s the press release from the team on the decision to part with Hornacek, Rambis: