Collins has one year left on his original four-year deal worth $4.5 million. He steps down after a season so full of promise unraveled starting with the knee injury to center Andrew Bynum. The Sixers went 34-48 and missed the playoffs for the first time in his three seasons.
Owner Josh Harris announced the decision Thursday.
“This is his decision,” Harris said. “He is not being pushed out.”
Collins wanted no part of what is expected to be a long rebuilding process from the bench and will instead add his input from the front office.
