Just heard on KFAN.
From Asch @ NBA.com:
This squares pretty well with one of the possibilities that we've been hearing the last couple of months, so I would say it's true.
The first and obvious result of this is Kahn is out. So....yeah. Rejoice, all ye Hoopusters.
The second result of this is....well, what happens with Adelman now? As lately as just a few days ago, it appeared Adelman had free reign to take any position within the team except owner, and had been actively debating between remaining as coach or moving to GM/POBO (factors being his wife's health, who would be the GM if he stayed on the bench, and whether he could passively watch the team rather than actively direct it (aka the Pat Riley syndrome))
The fact Saunders is being installed....practically overnight....leads me to believe one of a few things:
1. Adelman decided to stay as coach (this seems unlikely to me, as he and Saunders would clash quite a bit in terms of roster makeup. Adelman wants control over that; Saunders will not accept a puppet GM title like Kahn did)
2. Adelman is not staying
3. Taylor changed his mind (possibly because of the business/team sale side of things) and went with Saunders without regard to Adelman. Saunders was (is?) reportedly part of an investment group that was (is?) looking to buy the team.
So...oi....stay tuned. S-n-P will no doubt have more to add to this story later.