The Jazz said they decided not to offer Corbin a new deal and that the search for a new head coach will begin immediately.
The Jazz went 25-57 this season, finishing dead last in the Western Conference.
In his four seasons with the team, Corbin compiled a 112-146 record, including a playoff appearance in 2012.
“The decision to make impactful changes in our organization is never taken lightly,” said Greg Miller, CEO of the Larry H. Miller Group of Companies. “Ty has always represented the Jazz franchise in a first-class manner both on the court and in the community. He did a wonderful job of building relationships with the players and encouraged their growth throughout the season. We wish Ty, Dante and their family nothing but the very best for their future.”DOLLINGER: Knicks fire coach Mike Woodson
"Ty represented himself and the Utah Jazz organization with great class and dignity, and he and his family have been an important part of our team and community for many years,” said Jazz President Randy Rigby. “I want to thank them for their numerous contributions to this franchise and wish them well in the future. They will always remain a part of the Jazz family.”