Doug Collins will not become the next coach of the Chicago Bulls after a mutual agreement with team owner Jerry Reinsdorf, according to ESPN.com.

"I just knew over the last few days that Jerry was really struggling over whether or not to do this, and I didn't want Jerry to have those struggles," Collins told the Chicago Tribune. "I love him. And I didn't want him feeling that kind of angst."

"This is absolutely mutual," Collins said. "When this first came about, there was a tremendous amount of excitement about this possibility. And I'm losing that. The feeling now is more, 'Should I do this?' Once I got to that point, it meant no. I always make decisions yes is yes, no is no and maybe is no."

Chicago will continue their search for a new coach.

"As time went on, he came to realize that there are good coaches out there and we will be able to get somebody and that it's more important for us to maintain our friendship. I didn't push him to this. And I'm disappointed because I won't be reunited with Doug. But in my heart, I know he made the right decision," Reinsdorf told the Tribune.