12:04 PM ET
Houston Rockets general manager Daryl Morey is stepping down, effective Nov. 1, Morey and the team announced Thursday.
In the aftermath of Houston’s elimination from the NBA’s restart in Orlando, Florida, Morey approached owner Tilman Fertitta with the idea of leaving the job, and the sides quietly worked through an exit agreement to conclude his 13 seasons running the franchise’s basketball operations, sources said.
Morey isn’t ruling out a future return to the NBA on the team side, but he has become increasingly determined to explore what else might interest him professionally, sources said. Morey also saw an opportunity to spend time with two college-age children who are each taking a gap year academically during the coronavirus pandemic.
Morey will remain in an advisory role for a short period to assist in the Rockets’ completion of their head-coaching search, sources said.
The Rockets are planning to promote executive vice president of basketball operations Rafael Stone to general manager, sources said. Stone has played a significant part in the Rockets’ team-building throughout his tenure and will become the 10th current Black executive to hold the general manager title in the NBA.
Houston is also