ORLANDO, Florida (Ticker) -- Claiming "it's just time to leave," Orlando Magic coach Chuck Daly announced his retirement today, ending a Hall-of-Fame career that included back-to-back NBA titles with the Detroit Pistons in 1989 and 1990. The 68-year-old Daly guided the Magic to a 33-17 record and the third seed in the Eastern Conference this season, but they were ousted by the Philadelphia 76ers in the first round of the playoffs. "I've had a great run, a great career," Daly said. "This is a finale for me in coaching, this will conclude my coaching career. I'm going to be 69 in July and it's just time to leave the bench." Daly's relationship with star guard Penny Hardaway had become strained during his two-year stint in Orlando, but he was adamant that the disagreements did not play a factor in his decision. "Rear-view mirrow, I don't deal with that," said Daly. "(Hardaway) has nothing to do with this decision. That has nothing to do with the decision." Daly was 74-58 with Orlando, his first stint on the bench since leaving the New Jersey Nets after the 1993-94 season. "We are obviously very sad that Chuck is retiring, but we are glad for the two years this Hall of Famer joined us," said Magic general manager John Gabriel. "We want to thank him for something that isn't very easy to do, to have the fire each and every season. He gave his heart and his soul, the best that anyone can ask of a coach." In his 14 seasons as an NBA coach, Daly suffered through just a single losing season and two that did not end with a playoff berth. He owns a 638-437 record in the regular season and a 75-51 mark in the playoffs. Daly, named one of the 10 Greatest Coaches in NBA history, ranks fifth all-time in playoff victories. Daly's career as an NBA coach began with the Cleveland Cavaliers in the 1981-82 season. His first season in Detroit was 1983-84 and he lasted there until 1991-92. His stay in Detroit included five Central Division titles, three appearances in the NBA Finals, three Eastern Conference titles and five 50-win seasons, including 63 in 1988-89. "I still think I can do it another year," said Daly. "It's a hard decision. I've done it my entire adult life, it's the only kind of lifestyle I know. It's a hard thing to walk away from, but it's the right decision at this time. This is a personal thing about knowing when it's time to leave." Daly took over the Nets in 1992-93 and guided them to a 88-76 record and consecutive playoff berths. The Nets had six straight losing seasons before his arrival. Daly was appointed to coach the first-ever "Dream Team" and guided the United States to an 8-0 record and the gold medal in the 1992 Olympics in Barcelona. Daly and Lenny Wilkens are the only two people to have coached an NBA champion, while also winning an Olympic gold medal. Elected to the Hall of Fame in 1994, Daly served as a broadcaster for Turner Sports for three seasons before joining the Magic. Daly was head coach at Boston College and Pennsylvania before his first NBA job as an assistant for the Philadelphia 76ers in 1978. The Magic did not immediately announce a replacement for Daly.  