Watch Toronto Raptors president Masai Ujiri speak after firing of head coach Nick Nurse

The Toronto Raptors fired head coach Nick Nurse on Friday.

Nurse, 55, led the Raptors to their first-ever NBA championship in 2019.

He spent the past decade with the franchise, including five years as an assistant coach and five as head coach.

Raptors president and vice-chairman Masai Ujiri said the decision to fire Nurse provides a chance to "reset" and "refocus."

Nurse was named the NBA's Coach of the Year in 2020.

He has also served as head coach of Canada's national men's basketball team since 2019, and he signed a contract extension to continue in the role through the 2024 Paris Olympics in August 2021.

Nurse guided the Raptors a 48-34 record in the 2021-22 season before they were eliminated in the first round of the playoffs by the Philadelphia 76ers.

However, the Raptors failed to return to the playoffs this season after finishing ninth in the East with a 41-41 record and losing to the Chicago Bulls in the NBA play-in tournament.

WATCH | Raptors collapse in elimination loss to Bulls:

Nurse exits with the best winning percentage in franchise history at .582, with 227 wins to 163 losses.

A graduate of the University of Northern Iowa, Nurse came to the NBA after several successful years in the NBA G League. He led Rio Grande Valley to a league championship in 2013, two years after guiding Iowa to a title.

Nurse was 23 when he became head coach of Grand View College, making him the youngest college basketball coach in the U.S.

He spent 11 seasons as a head coach in the British Basketball League with the Birmingham Bullets (1995-96), Manchester Giants (1998-2000), London Towers (2000-01) and Brighton Bears (2000-06). Nurse won league titles with Birmingham in 1996 and in 2000 with the Giants.

Nurse succeeded Dwane