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Jason Kidd’s Milwaukee Bucks team dropped to the No. 8 spot in the Eastern Conference. Credit Jasen Vinlove/USA Today Sports, via Reuters

With the Milwaukee Bucks failing to live up to preseason expectations, and the clock ticking on Giannis Antetokounmpo’s time in their small market, the team fired Coach Jason Kidd on Monday.

The somewhat unexpected move — which came on the 50th anniversary of the N.B.A.’s awarding a franchise to Milwaukee — leaves a team currently in line for the eighth playoff seed in the Eastern Conference looking for a new coach who can get more out of a talent-laden roster.

Joe Prunty, one of Kidd’s assistants, was to coach the team in Monday night’s game against the Phoenix Suns.

“We appreciate everything that Jason has done for the Bucks organization, but we have decided to make a coaching change,” General Manager Jon Horst said in a news release. “We believe that a fresh approach and a change in leadership are needed to continue elevating our talented team toward the next level, bringing us closer to our goal of competing for championships.”

The release noted Kidd’s importance to the franchise, specifically a 26-win improvement in 2014-15, his first season as coach.

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“Jason led a historic turnaround during his first season and would guide our team to two playoff appearances,” Horst said. “He also played a meaningful role in helping to keep the Bucks in Milwaukee. We thank him for all of his contributions and wish him the best.”

Kidd, who is a 2018 nominee for the Basketball Hall of Fame as a result of his highly successful 19-year career as a player — mostly with the Dallas Mavericks and the Nets — negotiated a strong personnel role with the Bucks when he left the Nets after a one-year coaching stint. He finished his tenure in Milwaukee with a record of 139-152 in three-plus seasons. His teams qualified for the playoffs twice but never made it out of the first round.

Beyond Antetokounmpo, the Bucks have several intriguing young players, including Eric Bledsoe, Khris Middleton and Malcolm Brogdon, last season’s rookie of the year. Bledsoe, who was acquired in an in-season trade with the Suns, has the unusual distinction of having played for two teams this season that fired their coaches before the All-Star break.

Despite their collection of talent, the Bucks, who were expected to improve drastically this season, carried a 23-22 record into Monday’s game, slightly off their pace from last season, when they earned the sixth seed in the East. There are problems for the team to address on both ends of the court: Entering Monday, Milwaukee ranked 12th in offensive efficiency and 25th in defensive efficiency, and had lost four of its past five games.

In a news conference before Monday’s game, Prunty said the announcement had been “a shock for all of us” and praised Kidd’s efforts. He acknowledged some emotion from the players and coaching staff but said that the team had made a business decision.

“The bottom line is we have been consistently inconsistent,” he said.

On Saturday, the Bucks, playing without Antetokounmpo and Brogdon, lost to the Philadelphia 76ers. Joel Embiid, Philadelphia’s outspoken center, took to Twitter after the game to taunt the Bucks over comments that Wes Edens, a member of Milwaukee’s ownership group, made in June while announcing Horst’s promotion to general manager. Edens referred to Embiid’s favorite catchphrase, “Trust the process,” saying, “Guys in Philly want to talk about the process; I’d rather talk about the results.”

Embiid, whose team sat one spot ahead of Milwaukee entering Monday, let the Bucks know that he had not forgotten Edens’s words.

It is not clear how long the Bucks intend to have Prunty running the team, but whenever they do seek a permanent replacement for Kidd they can offer one of the most attractive coaching spots in the N.B.A. The Bucks will open a $524 million arena for the 2018-19 season, their ownership group has shown a commitment to putting a first-class product in one of the league’s smallest markets, and Antetokounmpo is signed through the 2020-21 season.

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