Billy Donovan leaves Chicago Bulls

The departure of the Basketball Hall of Famer marks the end of a tenure that saw only one playoff appearance for the Bulls.

Donovan reportedly chose to walk away rather than be part of a new leadership regime being installed by team ownership.

The Bulls are now searching for both a new head coach and executive leadership to lead a significant rebuilding process.

Analysts suggest that Donovan's exit could have a major impact on the college basketball coaching market if he chooses to return to the NCAA ranks.