"KSL has learned that Utah Jazz coach Jerry Sloan and assistant coach Phil Johnson will resign at a press conference later Thursday.

More details will be posted as they become available.

The news comes after the Jazz lost to Chicago in Salt Lake City on Wednesday, where former Jazz players Kyle Korver and Ronnie Brewer helped the Bulls escape Utah with a 91-86 win.

After the game, Sloan didn't come out of his office for a postgame interview until about a half-hour after his team lost for the 10th time in 14 games.

The Hall of Famer, who usually talks to reporters about 10 minutes after the final buzzer, had been in a discussion with general manager Kevin O'Connor.

"We just had something we had to discuss," Sloan said, "and we'll talk to you all later on about that." A major part of the discussion, however, was the possibility of a trade in the works."

(Ed. note: I know this isn't Wolves-related, but Sloan resigning from the Jazz seems like major NBA news to me so I bumped it to the front. - Tim)