George McCaskey, who just completed his first season as the team's new chairman, has decided to relieve longtime general manager Jerry Angelo of his duties, according to a team source. Mike Martz has resigned, according to a source.
After a 7-3 start, the Bears collapsed down the stretch, losing five consecutive games. Although they won the season finale, against the Minnesota Vikings, the Bears had already been eliminated from playoff contention.
In a statement, the Bears said president Ted Phillips informed Angelo of the decision this morning.
The Bears will hold a press conference today at 4 pm in the Halas Hall theatre.
Meanwhile, Lovie Smith will remain as Bears coach, the team's website noted in a story about Angelo.
Angelo has been a lightning rod figure, widely criticized for his selection in the NFL Draft and even NFL free agency.
While the Bears roster boasts plenty of the league's top players at key positions, the team's lack of depth was evident this season, as they endured a rash of injuries.
And one of the biggest misfires was the decision to keep quarterback Caleb Hanie, who in his fourth year, went 0-4 as a starter after Jay Cutler broke his right thumb.
Since being hired in 2001, Angelo has helped the Bears win four division titles and make one Super Bowl appearance.
Before the Bears played the Denver Broncos, Angelo told the Sun-Times that he didn't have any plans to retire.
"When that day eventually comes, like it comes for all of us, hopefully I'll be in a position where I can determine when my time is," he said. "But, that will come from me, and no one else, or a rumor mill broadcast."
Asked about his contract through 2013, Angelo said, "As long as I feel good about what I'm doing and feel good, I'm going to continue do it.
"It's no more than that. I've been in football a long time, so I understand where people might pick up the idea."