Rod Thorn will step down as president of the Nets on July 15, according to league sources.

Thorn has been New Jersey's president since 2000. He is under contract through June 30, but will remain on the job for a few weeks to help the team through free agency.

He is not being forced out by the team.

"They've given Rod everything he could want," a league executive said. "This is entirely his decision."