Steve Nash is out as head coach of the Brooklyn Nets, the team announced Tuesday.

The decision to part ways was mutual between the Nets and Nash, sources told ESPN's Adrian Wojnarowski.

"We want to thank Steve for everything he brought to our franchise over the past two-plus seasons," general manager Sean Marks said in a statement Tuesday. "Since becoming head coach, Steve was faced with a number of unprecedented challenges, and we are sincerely grateful for his leadership, patience and humility throughout his tenure. Personally, this was an immensely difficult decision; however, after much deliberation and evaluation of how the season has begun, we agreed that a change is necessary at this time."

In a separate statement, Nash thanked Marks and team ownership for an "amazing experience with many challenges that I'm incredibly grateful for."

Assistant coach Jacque Vaughn is the acting head coach tonight but expect the Nets to inquire with suspended Boston Celtics coach Ime Udoka and former Utah Jazz coach Quin Snyder, among others, sources told ESPN's Adrian Wojnarowski. Boston will let Udoka leave for another job, sources said.