Allardyce, 62, kept Palace in the top flight after replacing the sacked Alan Pardew in December, when the club was standing just one point above the relegation zone. He had signed a 2-1/2-year contract.
“It’s been a privilege to have worked here for the past five months. But there comes a time when you have to take stock of what direction you want your life to take - and that’s been the simple part for me,” Allardyce said in a statement.
“This is the right time for me. I have no ambitions to take another job, I simply want to be able to enjoy all the things you cannot really enjoy with the 24/7 demands of managing any football club, let alone one in the Premier League.”
(Writing by Ken Ferris; Editing by Hugh Lawson)
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