PORTLAND, Ore. (AP) -- Larry Miller has resigned as president of the Portland Trail Blazers.
The team announced Miller's surprising departure Saturday. The team says he is leaving to take a position with another Portland-area business.
Miller was president of the Blazers the past five years. He helped oversee the team's hiring of Neil Olshey as general manager early last month.
During Miller's tenure, the Blazers returned to the postseason for the first time in six seasons, making three straight trips to the playoffs from 2009-2011. Portland was 28-38 last season and missed the playoffs.