12:09pm: Assistant P.J. Carlesimo has been named the Nets' interim head coach, reports Wojnarowski (via Twitter).
11:58am: A poor showing in December has cost a head coach his job. After a 3-10 record this month brought the team's record back to .500, the Nets have fired coach Avery Johnson, according to Adrian Wojnarowski of Yahoo! Sports (via Twitter). Chris Sheridan of SheridanHoops.com reported earlier today that Johnson could be let go before tomorrow night's game.
"The Nets ownership would like to express thanks to Avery for his efforts and to wish him every success in the future," said Nets owner Mikhail Prokhorov in a statement confirming Johnson's dismissal.
Johnson, who was in his third season as coach of the Nets, was named Coach of the Month for November just a few weeks ago. Since then, however, not much has gone right in Brooklyn. Kris Humphries has fallen out of the rotation, Deron Williams has publicly questioned the team's offensive system, and most recently, Gerald Wallace expressed displeasure in the club's performance.
At 14-14, Johnson was well on his way to leading the Nets to their best season since he took over, after the team averaged just 23 wins in his two previous seasons. However, after the organization committed well over $200MM+ to free agents and took on Joe Johnson's $89MM contract this summer, expectations in Brooklyn had increased significantly.