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Report: Lionel Hollins officially out as Grizzlies' coach

The Grizzlies and Lionel Hollins have decided to part ways. (Kevin C. Cox/Getty Images)

Grizzlies coach Lionel Hollins coaching future with the team is up in the air. (Kevin C. Cox/Getty Images)

The Memphis Grizzlies have decided that they will not offer head coach Lionel Hollins a new contract, the Memphis Commercial Appeal's Ronald Tillery reported on Monday.

Citing sources close to management, Tillery reported that the Grizzlies and Hollins decided to part ways because of "philosophical differences." According to Tillery, the leading candidates to replace Hollins are former Denver Nuggets coach George Karl and former Phoenix Suns coach Alvin Gentry, as well as Grizzlies assistant coach David Joerger.

Hollins has been the franchise's coach at three separate times in its history. His latest stint began in the 2008-09 season, and he helped take the team to the NBA playoffs in each of the last three seasons. This past season, the Grizzlies completed their best year in franchise history, winning 56 games and advancing to the Western Conference Finals.

Grizzlies gave other teams permission to contact him