Indianapolis, IN (Sports Network) - Larry Bird stepped down as president of the Indiana Pacers on Wednesday, capping a series of major moves by the organization.

Former CEO Donnie Walsh is returning to Indiana to replace Bird.

The team named Kevin Pritchard their new general manager. Pritchard was the general manager of the Portland Trail Blazers until he was fired following the 2009-10 season. He joined the Pacers as director of player personnel last summer.

The announcements came a day after David Morway gave his resignation as general manager.

The moves come at a critical time, just a day before the NBA draft. The Pacers hold the 26th overall selection.

Bird, who said he made the decision to resign due in part to health issues with his back and shoulder, will work through the draft Thursday night. After that, he said he'd take a year off before deciding what to do next.

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