ESPN Sources say that the 76ers and Bryan Colangelo have agreed to part ways.
STATEMENT FROM BRYAN COLANGELO
While I am grateful that the independent investigation conducted by the 76ers has confirmed that I had no knowledge of or involvement in the Twitter activity conducted by my wife, I vigorously dispute the allegation that my conduct was in any way reckless. At no point did I ever purposefully or directly share any sensitive, non-public, club-related information with her.
Her actions were a seriously misguided effort to publicly defend and support me, and while I recognize how inappropriate these actions were, she acted independently and without my knowledge or consent. Further, the content she shared was filled with inaccuracies and conjecture which in no way represent my own views or opinions. While this was obviously a mistake, we are a family and we will work through this together.
Although I am not directly responsible for the actions, I regret this incident occurred and understand that it has become a distraction for the team. Therefore, the organization and I have mutually agreed to part ways.
Over the last two years, I have worked hard to help build a foundation for what I hope will soon be many championship seasons for the 76ers. I am grateful to team owners Josh Harris and David Blitzer for the opportunity they gave me to be part of such a great organization. I am saddened to have to leave under these circumstances.
Basketball has been a core part of my life since childhood. I love the game and all those who play and coach it. I want to thank the many colleagues, players and friends from around the League and elsewhere who have expressed their support and encouragement during this difficult and painful time for me and my family.