Indiana Pacers president Larry Bird will step down from his position. (Mike Ehrmann/Getty Images)
Indiana Pacers president Larry Bird is leaving his position with the team and is meeting with team owner Herb Simon today to finalize his exit, reports the Indianapolis Star's Mike Wells.
A source told Wells that Bird is "100 percent sure" he will leave.
Under Bird, the Pacers have built a young roster that moved into the top half of the Eastern Conference this season. Indiana pushed the eventual champion Miami Heat to six games in the second round of the playoffs.
Wells reports Bird, 55, is dealing with some health issues.
Bird served as the head coach of the Pacers from 1997 to 2000 and the team's president since 2003. He was named Executive of the Year this season, becoming the first person to win that award, Coach of the Year and Most Valuable Player in his career.
Reports that former Pacers CEO Donnie Walsh will return to the team have floated in recent days, and there is now the possibility he will take over as president when Bird departs. Walsh spent 24 years with the organization before becoming the president of basketball operations for the New York Knicks in 2008.