By Joseph Santoliquito

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PHILADELPHIA (CBS) — Bryan Colangelo did the smart thing and resigned Thursday as the Sixers’ president and general manager.

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An investigation done by Paul, Weiss, Rifkind, Wharton & Garrison LLP, who were contracted by the Sixers, concluded that, “As a result of our investigation, we do not believe that Mr. Colangelo established the Twitter accounts or posted content on those accounts. The evidence supports the conclusion that Ms. Barbara Bottini, Mr. Colangelo’s wife, established the Twitter accounts and posted content on those accounts. When interviewed, Ms. Bottini admitted establishing and operating the accounts. Forensic evidence corroborates her admissions.

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“We cannot conclude that Mr. Colangelo was aware of the Twitter accounts prior to the May 22 press inquiry. Mr. Colangelo denies any such awareness and we have not observed any forensic evidence establishing that he had knowledge of the Twitter accounts prior to that date. We note, however, that our investigation was limited and impeded by certain actions taken by Ms. Bottini, including her decision to delete the contents of her iPhone by executing a factory reset of the device prior to surrendering it for forensic review.

“Our investigation revealed substantial evidence that Mr. Colangelo was the source of sensitive, non-public, club-related information contained in certain posts to the Twitter accounts. We believe that Mr. Colangelo was careless and in some instances reckless in failing to properly safeguard sensitive, non-public, club-related information in communications with individuals outside the 76ers organization.”

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A statement released by 76ers Managing Partner Josh Harris reads:

“The Philadelphia 76ers organization has accepted the resignation of President of Basketball Operations Bryan Colangelo, effective immediately. We appreciate Bryan’s many contributions during his time leading our basketball operations and thank him for the work he did in positioning the team for long-term success.

“An independent investigation by New York-based law firm Paul, Weiss, Rifkind, Wharton & Garrison LLP was conducted into certain anonymous social media accounts that posted information concerning the club, personnel, and related topics (a statement of the findings is attached). It has become clear Bryan’s relationship with our team and his ability to lead the 76ers moving forward has been compromised.

“Recognizing the detrimental impact this matter had on the organization, Colangelo offered his resignation.

“We find the situation to be disappointing for our entire organization. We are determined to continue the tremendous progress we have made over the last two seasons in our quest to win an NBA Championship. As such, we have appointed head coach Brett Brown to oversee basketball operations on an interim basis to lead our efforts in this important offseason. He will work closely with the rest of our talented basketball operations department in preparing for the upcoming NBA Draft and thereafter until a new General Manager is found. The search for a new General Manager will commence immediately.”

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In the end, the Sixers and Colangelo did the right thing.