The Phoenix Suns will have a new head coach next season after firing Igor Kokoskov.

The team issued a statement late on Monday from general manager James Jones, confirming the decision after just one season with Kokoskov at the helm.

He led the Suns to a 19-63 record, which tied the Cleveland Cavaliers for the second worst mark in the league.

"After extensive evaluation, I determined it is best to move in a different direction with our head coaching position," Jones said. "I want to thank Igor for his work this past season and wish him the best with his future endeavours."

A search will begin immediately for the team's next head coach, the Suns said.

It is reported that their search will target Philadelphia 76ers assistant Monty Williams as Kokoskov's successor.

Phoenix have a 14 per cent chance to win the lottery in the 2019 NBA Draft - the same odds as the New York Knicks and the Cavs.