"We appreciate Kim's contributions during his time here, especially over the last two-and-a-half months," Clippers president Andy Roeser said in a statement on Thursday.
"But we also know that our responsibility is to do what is in the organization's immediate best interests for its ability to move forward.
"This season was an overall disappointment and certainly fell short of both our expectations and what should rightly have been anticipated by our fans."
The Clippers ended the season 12th in the 15-team Western Conference with a 29-53 record. A major blow for the franchise was losing power forward Blake Griffin to a knee injury in their final pre-season game on October 23.
Griffin, the number one overall pick in the NBA Draft, was ruled out for the entire season.
(Writing by Mark Lamport-Stokes; Editing by Ken Ferris)