The Timberwolves will name an interim head coach on Monday.
Minnesota has dropped 24 of 31 games to start the season, leaving it with the worst record in the NBA. The Timberwolves have lost eight of their past nine games, including a 103-99 loss to the New York Knicks on Sunday night.
“We would like to thank Ryan for his time and commitment to the Timberwolves organization and wish him the best in the future,” President of basketball operations Gersson Rosas said in a statement. “These are difficult decisions to make, however this change is in the best interest of the organization’s short and long-term goals.”
Saunders was 43-95 as coach of the Timberwolves in two-plus seasons.
Minnesota travels to play Milwaukee on Tuesday night.