Philadelphia, PA (My Sportsbook) - Larry Brown announced at a Monday press conference that he is resigning as the head coach of the Philadelphia 76ers.

Brown is also relinquishing his role as the team's vice president of basketball operations. Meanwhile, Billy King was promoted and will be the club's president and general manager.

A member of the Naismith Basketball Memorial Hall of Fame, Brown compiled a 255-205 record in six seasons with Philadelphia.

"I love my players and I think we had a good run," said Brown. "I think it's time to get somebody else in here and maybe get a fresh look. I don't think any place I've ever been had more loyal fans and people that support us in a way that I was really proud to be their coach."

The 62-year-old Brown has been an NBA coach for 20 years and has recorded an overall record of 879-685. In all, Brown has been a head coach for 31 years, including college and the ABA, and has compiled an all-time mark of 1,285-853.

Brown, who had two years left on his contract, was released by Chairman Ed Snider from a contractual clause that prohibited him from coaching another NBA team if he left Philadelphia prematurely.

"We mutually agreed to allow Larry to pursue whatever he wants to pursue," said Snider. We're very happy with the agreement that we made and there is no compensation."

Brown has also had coaching stints with the Denver Nuggets, Indiana Pacers, San Antonio Spurs, Los Angeles Clippers, New Jersey Nets and ABA Carolina Cougars. He was the head coach at UCLA and the University of Kansas, where he won the National Championship with the Jayhawks in 1988.

In 2000-01, Brown guided the 76ers to a record of 56-26 in the regular season, and then coached the team to its first NBA Finals appearance since 1983. However, Philadelphia fell in five games to the Los Angeles Lakers.

"Well I wanted to see what happened in 1983 happen here," said Brown. "I came here six years ago with a lot of hopes and a lot of goals and I don't know if I'm completely satisfied in terms of achieving all the goals we had set, but I feel pretty good about the experience I've had here and what we did with this franchise. I wanted us to win a championship and I think this city deserves it and I was hopeful to be part of that."

Besides his winning record, Brown's tenure with Philadelphia will be remembered for his controversial relationship with 76ers' star guard Allen Iverson. Brown has spoken publicly about his frustrations with Iverson's tardiness, his attitude and lack of commitment to being a leader on the Sixers.

"I thought Allen had a pretty good career with me as his coach," said Brown. "I'm pretty proud of what he's done and where he's brought our franchise. I think its gotten better every year I've been around him and I think if you look at the way he's played and the way he progressed I don't think it could have happened if we didn't have a good relationship."

Brown is scheduled to coach the 2004 U.S. men's national team this summer at an Olympic qualifying tournament in Puerto Rico.

Philadelphia finished 48-34 this past season. The 76ers defeated New Orleans, 4-2, in the first round of the playoffs, but fell to Detroit in six games in the Eastern Conference semifinals.