The decision, which comes less than one year after the team hired Budenholzer on a five-year deal worth more than $50 million and less than four years since he won a title with the Milwaukee Bucks, is the latest course correction from Suns owner Mat Ishbia that comes with significant cost.

The Phoenix Suns have now fired their head coach in three consecutive seasons. Phoenix fired Mike Budenholzer on Monday after the team finished with a 36-46 record during his first season as head coach. The news was first reported by Shams Charania of ESPN.

With the NBA season winding down and the playoff picture locked in, blockbuster moves like Luka Dončić joining the Los Angeles Lakers or Jimmy Butler III suiting up for the Golden State Warriors are well in the past.