pat riley expected to resign

Report: Pat Riley to resign as Heat coach

MIAMI (TICKER) "?Pat Riley apparently wants no part of coaching the Miami Heat.

Riley plans to resign as the Heat's head coach but remain as the team's president, according to a report published Monday by the Miami Herald.

The Heat have not confirmed the report but have scheduled a "major"? news conference for 4 p.m. EDT Monday afternoon.

According to the Herald, Riley met with Heat owner Micky Arison over the weekend to discuss the future of the team.

Riley, 63, struggled through the worst season of his coaching career in 2007-08, guiding the Heat to a league-worst 15-67 record