The developments come after the 2021 champions suffered a first-round playoff defeat to the Miami Heat.
National Basketball Association (NBA) top seed Milwaukee Bucks have parted ways with head coach Mike Budenholzer, the team has confirmed.
The developments come after the 2021 champions suffered a first-round playoff defeat to the Miami Heat.
"This was a tough decision," Bucks General Manager and President Peter Feigin were quoted by ESPN in a joint statement.
"Bud helped lead our team for five incredible seasons, to the Bucks’ first title in 50 years and into an era of sustained success."
"We are grateful for the culture of winning and leadership that Bud helped create in Milwaukee," the statement added.
"This is an opportunity for us to refocus and re-energise our efforts as we continue building towards our next championship season."
Since the first round moved to a seven-game series, it's the first time a number one seed gets eliminated in five or fewer games.
The Bucks are also the sixth side to suffer a first-round defeat as a number-one seed in history.
They entered the playoff after winning 58 games in the 2022/23 season before falling to eighth-seed Heat.
It's vital to note that Budenholzer had two years left on his contract, which according to ESPN, is worth about $16 million.