It obviously doesn't happen in Naismith, ABBL or Division II in France but it would help the less experinced managers in lower leagues. There could also be a news item when it happens. There is a news item when a new team is created, why not when the old team died. "The board of governers of XXX has decided due to lack of commitment by the manager of XXX that their contract will be terminated immediately. The club has high hopes for the future but this will require radical change. XXX hopes to soon unveil it's new name, roster and manager."
Also Perpete you know I used to watch teams very carefully for when they would go bot but if their last login was late on a Sunday night or early on a Monday morning (which you have no way of knowing) you could sometimes be a week out.