Why is Daryl Morey leaving Rockets? Houston GM to officially resign on November 1

Just over a month after exiting NBA playoffs at hand of Los Angeles Lakers, Houston Rockets are without two of key leaders of team. Head coach Mike D'Antoni anunced his intention to leave franchise last month, ending his four-year association with Rockets. While General Manr Daryl Morey was said to be safe after Rockets' playoffs elimination,  48-year-old has also decided to step down from his position, reby ending his 13-season tenure as  front office executive of Rockets. 

Also Read | Daryl Morey Prefers Jumping Out Window Over Watching Michael Jordan's Last Dance

Why is Daryl Morey leaving Rockets?

Speaking to reporters after anuncing his decision to resign from his position, Daryl Morey cited personal reasons being key for his departure, stating it is a right time to move on and explore or ventures in his professional career. Speaking to ESPN on Thursday night, in a telephone interview that also included Rockets owner Tilman Fertitta, Morey said timing of his exit works perfectly for him as he will look to spend time with his two college-d children. 

"For me, it was just a great run," he told ESPN. "Personally, timing worked for me. My youngest son just graduated from high school, and it was just right time to see what's next with family and or potential things in future. It just felt like right time."

Also Read | LaMelo Ball Ditches Far's Big Baller Brand, Signs BUMPER Sneaker Deal With Puma

Daryl Morey spent 14 years with franchise, 13 of which were as head of basketball operations. He approached Fertitta with idea of leaving his job after Houston's elimination from NBA playoffs last month. Despite Fertitta wanting Morey to continue, agreement was worked out for his exit.

Rockets issued a statement ting Daryl Morey will officially resign as Rockets GM on vember 1. In interim, 48-year-old will work closely with bosses in ir search to find a new head coach for team. 

Daryl Morey net worth

 Daryl Morey net worth figure remains unkwn. However, his net worth is estimated to be in millions, especially considering he signed a five-year contract extension with Rockets in 2019. Morey reportedly earned $8 million per season after his extension. Having joined Rockets' front office in 2006, Morey has been an influential figure amidst  Rockets' success in NBA.

 Rockets made playoffs 10 times since Morey was appointed as GM in 2007. also includes  last eight seasons, which is longest active playoffs streak in NBA. Morey was key in bringing James Harden to Houston from OKC Thunder in 2012. Last year, Rockets united Harden with his OKC teammate Russell Westbrook by working out ar trade.

Also Read | LeBron James Blamed For Making Gang Signs And Insulting GD's During Lakers Celebration

Daryl Morey made headlines last year after his support for Hong Kong protests hurt NBA's business in China. Broadcast of Rockets' games in China was subsequently banned, escalating tensions between league and one of its most important overseas markets. 

Also Read | Fans Cheer Return Of NBA Broadcasts In China

(Im Credits: AP)