The Utah Jazz announced they have elected not to offer Tyrone Corbin a new contract.

“I would like to thank Ty and his staff for all of their hard work, dedication and professionalism over the last three-plus seasons,” Dennis Lindsey said in a statement. “This has not been an easy decision, but after a thorough review process, we as an organization feel that this is the best decision for our franchise moving forward.”

Corbin compiled a 112-146 (.434) record with the Jazz in four seasons, guiding the team to a winning record in two of his three full seasons and a playoff appearance in 2012.

The New York Knicks fired Mike Woodson and his coaching staff on Monday.

“I have a tremendous amount of respect for Mike Woodson and his entire staff,” Phil Jackson said in a statement. “The coaches and players on this team had an extremely difficult 2013-14 season, and blame should not be put on one individual. But the time has come for change throughout the franchise as we start the journey to assess and build this team for next season and beyond.

“Everyone in this franchise owes a great deal of gratitude to what Mike and his staff have done. We wish him the best.”

In parts of three seasons with the Knicks, Woodson compiled an overall record of 109-79 (.580) that included two consecutive NBA Playoff appearances and an Atlantic Division title – the team’s first in 19 years.

The search for a new coaching staff will begin immediately.

Rick Adelman retired from coaching in the NBA after 23 seasons as a head coach.

Adelman will remain with the Minnesota Timberwolves in a consultant role.

Adelman ranks eighth all-time in NBA coaching wins with a 1042-749 (.582 winning percentage) career record in 23 seasons as a head coach. Adelman took over a Wolves team prior to the 2011-12 campaign that had won 15 and 17 games the previous two seasons, and won 26, 31 and 40 games under his leadership.

George Kaiser bought an ownership stake of the Oklahoma City Thunder and has become the newest co-owner.

“We are honored to welcome George Kaiser as a member of the ownership group of the Oklahoma City Thunder,” Clay Bennett said in a statement Friday. “George is a well-respected and important Oklahoma business leader, as well as one of the state and nation’s top philanthropists. His commitment to successful business and community leadership is in true alignment with that of the Thunder.

“I also appreciate the commitment and leadership provided by Tom Ward as a member of our ownership group from the beginning.”

Kaiser is president, CEO and primary owner of Tulsa-based GBK Corp., parent of Kaiser-Francis Oil Co., which he has managed for 40 years.

The Golden State Warriors recalled center Ognjen Kuzmic and guard Nemanja Nedovic from the Santa Cruz Warriors of the NBA Development League.

Both players have spent a significant part of the season with Santa Cruz.

The Houston Rockets re-assigned Isaiah Canaan and Robert Covington to the Rio Grande Valley Vipers of the NBA D-League.

Both have spent a large part of the season with Rio Grande Valley.

DeMarcus Cousins has been suspended one game without pay for receiving his 16th technical foul of the season, the NBA announced on Monday afternoon.

Cousins will serve his suspension in the Sacramento Kings' season finale on Wednesday against the Phoenix Suns.

Cousins picked up his 16th technical foul in Sunday's win over the Minnesota Timberwolves.

Cousins averaged 22.7 points and 11.7 rebounds this season.

The Cleveland Cavaliers recalled Sergey Karasev from the Canton Charge of the NBA D-League.

Karasev will be available for the Cavaliers on Saturday against the Boston Celtics.

The Sacramento Kings assigned forward Willie Reed to their D-League affiliate Reno Bighorns.

Reed has averaged 13.6 points (.649 FG%, .800 FT%), 7.6 rebounds, 1.2 assists 2.4 blocks, and 25.0 minutes per game in five games off the bench for the Bighorns this season.

The Houston Rockets recalled Robert Covington and Troy Daniels from the Rio Grande Valley Vipers of the NBA D-League.

Both players have spent the majority of the season with the Rockets' D-League affiliate.