3:13pm: GM David Morway has resigned, the Pacers announced today in a press release, confirming Wells' report below that suggested Morway was no longer employed by the team.
"While I deeply care about this franchise, sometimes change is important for everyone concerned," Morway said in a statement. "For the past year I have carefully and thoughtfully considered my personal, family and professional goals. After discussing all of these issues with our owner, Herb Simon, and Larry [Bird], I believe this is the right time to step away."
8:40am: Just a few weeks removed from winning the NBA's Executive of the Year award, Larry Bird will step down from his role as Pacers president, reports Mike Wells of the Indianapolis Star. Bird is "100% sure" he won't return to the Pacers for next season, and will meet with team owner Herb Simon today to finalize his departure. According to Wells, Bird is dealing with some health issues, and will take at least a year off before deciding whether to return to a front-office position.
The move is the latest in an offseason shakeup for Indiana's front office. The team recently brought Donnie Walsh on board, and it appears now that he'll be Bird's replacement as club president, though that's yet to be made official. Kevin Pritchard has also taken on an expanded role, while former GM David Morway is no longer employed by the Pacers, according to Wells.
Bird had served as the Pacers' president of basketball operations since 2003.