Reports: Larry Bird stepping down as Pacers president

NBA legend Larry Bird has resigned as president of the Indiana Pacers, according to reports from The Vertical and ESPN.

Pacers general manager Kevin Pritchard will take over the team. Pritchard joined the team in 2011 as its director of player personnel and was promoted to general manager a year later.

No reason for Bird's departure was given.

Bird, who also coached the team from 1997 to 2000, is expected to serve as a consultant going forward, The Vertical's Adrian Wojnarowski reported.

The 60-year-old Hall of Famer first became the Pacers' president of basketball operations in 2003 and then retired for health reasons in 2012. After a year away, he returned to the position.

The Pacers went 42-40 this season, with their playoffs coming to an end with a first-round sweep by LeBron James and the Cleveland Cavaliers.

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