The Titans released the following statements following the resignation of Floyd Reese as General Manager.
Chief Operating Officer Steve Underwood:
Floyd has been an important part of the success that this franchise has enjoyed for over 20 years and we are thankful for his years of service to this franchise. This morning, Floyd offered his resignation; and after considering the limited options available to him, Mr. Adams accepted his resignation. We wish Floyd the best in whatever he chooses to pursue next. Our job now is to move forward and find someone that can help lead this organization to our goals.
Owner K.S. "Bud" Adams, Jr.:
I want to thank Floyd for his 21 years of service to this organization. During his time as a coach and front office executive, our franchise experienced a number of memorable moments.
It is hard parting ways, but I am confident that change will be good for everyone involved.
This is an exciting time for our team and I am looking forward to finding that person who will continue to move us in the right direction.
We know Floyd will enjoy success in his future endeavors.
Today I informed the Titans that I will be offering my resignation, effective immediately. Initially, I had hopes of signing a contract extension and staying with the Titans for many more years, but it became apparent to me over the last several months that that would be difficult.
Rather than drag out a process that would probably end up with us going our separate ways, the right thing to do is to cut ties now and let the Titans move on and me as well.
I love Nashville and the Titans organization and have tried to do the best possible job that I could for the team and fans.
I cherish the relationships I developed with everyone in the organization over the many years with the team.
I feel good about the way I am leaving the franchise. The Titans are in the best shape that they have been in for 5 or 6 years. There is a franchise quarterback in place, who can lead the team for over a decade, they have a number of draft picks this year and are in the strongest cap position that I can remember.
I wish the best to the Titans and hopefully I will have an opportunity to join another club and one day return to the visitors locker room at LP Field.
In related news, Underwood also announced that Director of Pro Scouting Al Smith will not receive an extension on his contract.