Los Angeles: The Los Angeles Lakers and head coach Luke Walton have agreed to part ways after the team posted a disappointing 37-45 record and failed to end a playoff drought stretching back to 2013.

Walton spent two seasons at the helm of a team that struggled to find the right pieces to complement 15-time All-Star LeBron James in his first season in Los Angeles.

Replay

"We would like to thank Luke for his dedicated service over the last three years," Lakers general manager Rob Pelinka said in a press release issued on Friday.

"We wish Luke and his family the best of luck moving forward."