Dodgers Manager Don Mattingly and the Los Angeles Dodgers have parted ways, the team announced on Thursday morning.

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Multiple reports indicate that both sides came to the mutual agreement that this is what was best for the team. The Dodgers have won their division the last three years but have failed to make it to the World Series.

There were rumblings throughout the year that it was a "World Series or bust" possibility for Mattingly, but the Dodgers made it clear on Thursday that both sides felt that this was the best direction to go.

The former and notable Yankee had been the Dodgers manager over the last five seasons, whenever he took over for his good friend and mentor Joe Torre. Mattingly had a 446-363 record as the manager in Los Angeles, putting him as just over .500.

ESPN's Buster Olney joins "Armen and Levack" on Thursday at 5:15p ET to project the future of Mattingly, sponsored by All Star Wine and Spirits.