Exit from mitosis requires the inactivation of mitotic cyclin-dependent kin
ases (CDKs) by an unknown mechanism. We show that the Gdc14 phosphatase tri
ggers mitotic exit: by three parallel mechanisms, each of which inhibits Cd
k activity. Cdc14 dephosphorylates Sic1,a Cdk inhibitor, and Swi5, a transc
ription factor for SIC1, and induces degradation of mitotic cyclins, likely
by dephosphorylating the activator of mitotic cyclin degradation, Cdh1/Hct
1. Feedback between these pathways may lead to precipitous collapse of mito
tic CDK activity and help coordinate exit from mitosis.