NEW YORK -- Derek Fisher has rejected a call from the National Basketball Players Association's executive committee to resign as president, instead urging players to seek a review of the union's finances.

Hours after the NBPA said in a statement Friday the executive committee voted 8-0 this week that it had lost confidence in Fisher's ability to lead, Fisher reiterated he will not step down.

"I, along with many others, are extremely disappointed with the Executive Committee," Fisher said Friday in a statement. "Their demand for my resignation and their need to protect the NBPA management and their own best interests instead of protecting the players we were elected to serve is unfortunate."

Fisher, who recently signed with the Oklahoma City Thunder after playing most of his career with the Los Angeles Lakers, has been the union's president since 2006. He led players during the negotiations on a new collective bargaining agreement this offseason.