St George Illawarra coach Steve Price has been sacked by the Dragons. Former Dragons captain Paul McGregor will take over the position until at least the end of the season.

Dragons CEO Peter Doust confirmed in a media release on Monday morning that McGregor would takeover after the club's board resolved not to exercise an option to extend Price's contract for 2015.

Steve Price's reign at the Dragons has ended. Credit:Getty Images

"Steve Price has been involved at our club for over 13 years. He is a person of the highest integrity who has contributed enormously to our club in so many ways throughout this time," said Doust.

"Unfortunately team performance and results have not met the required standards, particularly this season, despite a refresh of performance management strategies and structure, at the end of last year, and a significant change to the playing roster.