76ers Doug Collins walks away from $4.5m

It was announced yesterday via sources that Doug Collins informed Philadelphia 76ers' ownership that he will resign as head coach at season's end. The 76ers' ownership wanted Collins to return for the final season of his contract, worth $4.5 million, but the coach informed owner Josh Harris of his decision to leave.

Many pundits have concluded that Collins, 62, decided he wanted no part of what could be a long rebuilding effort after the Sixers rolled the dice and came up short on a trade in August 2012.

The trade was designed to push the 76ers deep into the playoffs by acquiring elite big man Andrew Bynum. However, after giving up team leader Andre Iguodala, and young talented players Moe Harkless, Nikola Vucevic along with a protected first-round pick the 76ers came up on the losing side of the trade when Bynum suffered setbacks from his rehab rendering him was unable to play in his final contract year, which earned him $16.5 million this season whilst set to become an unrestricted free agent.

The trade left the 76ers floundering with a 33-47 record this season, ninth place in the Eastern Conference.

Collins finished second in Coach of the Year voting in 2010 after leading the 76ers to 14 more wins over the previous season and a playoff first round exit to the eventual Eastern Conference champion Miami Heat.

In spite of all of his success and with the Bulls, Pistons, Wizards (only twice did his teams fail to make the playoffs) and 76ers Collins is probably most famous for his first head coaching role which was with the Bulls and a young Michael Jordan. Despite taking the Bulls to their best record in 15 years and an Eastern Conference Finals Appearance he was replaced by his assistant… Phil Jackson.

Look for Collins to be snapped up by a team on the lookout for a fresh start, my bet… Clippers, Nets or Kings if Collins isn’t enticed back to the easier life of broadcasting.

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