OAKLAND, Calif. (AP) _ The Golden State Warriors and head coach Mike Montgomery parted ways, the team announced Tuesday.

Montgomery, who presided over two losing seasons in Oakland, and the Warriors ``mutually agreed'' to the move, said team vice president Chris Mullin.

``Based on this agreement, we will now focus our efforts in a different direction and do what we think is in the best interest for this team,'' Mullin said in a statement.

The Warriors didn't release any details on Montgomery's severance package.

Montgomery, 59, had two years remaining on a 4-year, $10 million contract he signed before the 2004-2005 season.

Montgomery compiled identical 34-48 records in his two seasons with the Warriors. Before joining the team, he was head coach at Stanford University for 18 years and led the Cardinal to 16 NCAA post-season appearances and a trip to the 1998 Final Four.

``This was a new challenge that I was eager to embrace and glad that I had the chance to pursue and experience,'' Montgomery said in a statement.

The team scheduled a news conference Wednesday evening at the Oakland Arena to make a ``major announcement.''