An era may be coming to an end in Utah.
Team officials announced that there will be a press conference held at 5 p.m. EST.
After another disappointing loss to the Chicago Bulls last night, Sloan was reportedly in a closed-door meeting with general manager Kevin O'Connor for about a half-hour. Sloan typically meets with the media within minutes of the final horn.
Sloan is the longest-tenured coach in professional sports and is in his 23rd season. The 68-year-old Sloan signed an extension earlier in the season that would have kept him under contract through the 2012 campaign.
Despite the Jazz' struggles since mid-December, this is a shocking development from an organization most noted for consistency. In fact, Sloan has been quoted as saying to players, "I'm going to be here and you may not."
That may no longer be true.
Sloan recently passed Pat Riley with the third-most wins in NBA history. He has accumulated 1,211 wins during his extensive career, though he has been eluded by a championship.
Assistant Tyrone Corbin is expected to be named the interim head coach.