BREAKING NEWS: Rex Ryan and John Idzik Fired

Dec 7, 2014; Minneapolis, MN, USA; New York Jets general manager John Idzik and head coach Rex Ryan watch as their players practice before the game with the Minnesota Vikings at TCF Bank Stadium. Mandatory Credit: Bruce Kluckhohn-USA TODAY Sports
According to the Jets team Twitter account both Rex Ryan and John Idzik were both let go this morning. This brings a sad ending to a sad 4-12 season. Please follow us here at The Jet Press all day for coverage and analysis of all the goings on of Black Monday in the NFL, especially as it pertains to the New York Jets.
This morning Woody Johnson informed John Idzik and Rex Ryan that they will not be returning to the team in 2015.
— New York Jets (@nyjets) December 29, 2014
The following is the statement released from team owner Woody Johnson
After extensive thought and reflection about the current state of our football team, this morning I informed Rex Ryan and John Idzik that they will not be returning for the 2015 season. Both Rex and John made significant contributions to the team, and they have my appreciation and gratitude for their efforts and commitment. Over the years, Rex brought the Jets a bold confidence and a couple of great post-season runs, which all of us will remember.
I am beginning our search for new football leadership, effective immediately, with guidance and support from respected football experts, including Charley Casserly and Ron Wolf, two Super Bowl winners with decades of valuable experience.
We will consider all options to improve the Jets.