Daryl Morey has step down as general manager of the Houston Rockets.
Morey had spent 13 seasons running the Rockets with the team making the Western Conference Finals in 2015 and 2018.
After the Rockets were eliminated from the playoffs, Morey approached Tilman Fertitta about leaving the job and the two sides worked through an exit agreement.
While Morey isn't ruling out a potential return to the NBA, he has become increasingly interested in pursuing interests outside of basketball.
The Rockets are planning to promote executive vice president of basketball operations Rafael Stone to general manager.
Jonathan Feigen of the Houston Chronicle reports that the decision was made "100 percent" by Morey.