The Cleveland Cavaliers fired general manager Chris Grant and appointed vice president of basketball operations David Griffin as acting GM, the team announced Thursday.
Grant was named general manager of the Cavs on June 4, 2010. He originally joined the franchise as the club's vice president of basketball operations/assistant general manager in July 2005.
"I would like to thank Chris Grant for his 8 1/2 years of service with the Cleveland Cavaliers, the last 3 1/2 as general manager," said Dan Gilbert, majority owner of the Cavaliers. "Chris always conducted himself with class, integrity and was motivated by what he believed was right for the organization."
Yahoo Sports first reported the firing following a 119-108 loss to the Los Angeles Lakers on Wednesday night.
Coach Mike Brown's Cavaliers (16-33) are mired in a disappointing season and a six-game losing streak.
Gilbert had grown increasingly frustrated with the losing and the loss to the Lakers, who finished the game with four eligible players, was the breaking point, according to Yahoo Sports.
Grant, 38, failed to return the Cavaliers to the playoffs for the first time since LeBron James left for Miami as a free agent in 2010. Grant had one season left on his contract.
"My entire focus the past eight years has been on trying to build a team that can contend and win and provide Cleveland fans the success that they deserve," Grant said. "I have a tremendous appreciation for the players that are here and the coaches that I have worked with, as well as our front office. I thank them for all of their dedication and commitment to the Cavaliers."
Gilbert went on to address the current situation and the path ahead for the team.
"This has been a very difficult period for the franchise," Gilbert said. "We have severely underperformed against expectations. Just as this is completely unacceptable to our loyal and passionate fan base, season ticket holders and corporate partners, it is also just as unacceptable to our ownership group.
"I can assure everyone who supports and cares about the Cleveland Cavaliers that we will continue to turn over every stone and explore every possible opportunity for improvement to shift the momentum of our franchise in the right direction. There is no one in our entire organization who is satisfied with our performance, and to say that we are disappointed is an understatement."
Griffin joined the Cavaliers as vice president of basketball operations in September 2010. Prior to joining the Cavaliers, Griffin spent 17 seasons with the Phoenix Suns, the last three as the club's senior vice president of basketball operations after being named to the position in June 2007.