WATCH: Gilas Pilipinas head coach Yeng Guiao resigns

Head coach of Philippine basketball team Gilas Pilipinas Yeng Guiao stepped down from his position on Wednesday, September 11.

After a disappointing FIBA World Cup Campaign in China, Guiao took full responsibility for the team's performance and released a statement on Wednesday afternoon announcing he decided to vacate his post.

On the official Facebook page of Gilas Pilipinas, Guiao writes, “I am sorry we could not deliver a better performance.

"Our players gave their best against talented, bigger, stronger, and better-prepared athletes from the best teams in the world. I truly appreciate their efforts and sacrifices - and that of their families. Our time together will never be erased from my memory.

“In the light of all these developments, I am stepping down, as of today, as the Head Coach of the Gilas Men's Basketball Team, in order to give the SBP a free hand in building and developing a program towards achieving our objective of competing with the best of the best.”

During the World Cup, Gilas went 0-5 and lost to both Tunisia and Iran in the classification phase. And by the Nationals, the team also lost to both Italy and Serbia before dropping to lower-ranked Angola in overtime.

Guiao replaced Chot Reyes last year and even coached the national team in the 2018 Asian Games where the country placed 5th overall.

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