New Jersey Nets owner Mikhail Prokhorov said Wednesday he will retain team president Rod Thorn, but will not ask general manager Kiki Vandeweghe to return when his contract expires this summer.

"His agreement expires this summer and I wish him well," Prokhorov told reporters.

Vandeweghe, reached for comment on a plane as he was about to embark on a scouting trip, said: "I hadn't heard anything." He declined additional comment, The Wall Street Journal reported.

Vandeweghe also coached the Nets this season, taking over after Lawrence Frank was fired following an 0-16 start. The team went 12-52 with Vandeweghe as coach.