Long-time Nets Assistant GM Bobby Marks parts ways with organization

Bobby Marks, after 20 years with the Brooklyn Nets, has announced via Twitter that he and the Nets will go their separate ways:

Thanks pic.twitter.com/cLoj2RU8FU

— Bobby Marks (@jakecooper) May 26, 2015

According to Yahoo! Sports’ Adrian Wojnarowski, Marks’s departure was a financial move for the franchise:

It’s believed Brooklyn ownership is now determined to cut costs across board and staff cuts are underway. Marks is well-respected in league.

— Adrian Wojnarowski (@WojYahooNBA) May 26, 2015

ESPN’s Mike Mazzeo reported earlier this month that the Nets missed the deadline for picking up Marks’s option, though it wasn’t clear then whether or not this meant he’d leave the franchise.

According to his bio on the Nets website, marks served as Brooklyn’s vice president of basketball operations before being promoted to assistant GM in 2010. “Marks [assisted] Nets General Manager Billy King in the areas of salary cap management, scouting, player personnel, preseason and regular season scheduling and the day to day business of basketball operations.”