Yzerman will move to a senior adviser role working under BriseBois and he said he was "100 per cent committed" to the Lightning this season.
Yzerman says he decided in late July not to sign another contract to be GM and that it took until now to formulate a plan on what's next for the front office. For a number of years, he has been considered a future National Hockey League general manager, and owner Jeff Vinik said the Lightning were lucky BriseBois wasn't hired by someone else. To be more of a sounding board than a final say. "Hence the decision. I will be wherever I'm needed to be for Julien moving forward". Yzerman's family has remained in Detroit, and he commuted during his time on the job.
Some are wondering whether Yzerman has his eyes on a job with the Detroit Red Wings, the team he spent his entire Hall of Fame playing career with from 1983-2006.
Among the major personnel moves under Yzerman's tenure included the trade of franchise talisman Martin St-Louis to the New York Rangers in 2014 and the re-signing of Steven Stamkos to an eight-year, $68 million deal in 2016. Last season's team finished with 113 points and a first place finish in the Atlantic Division, but was ousted in the Eastern Conference finals by the Washington Capitals. The Lightning posted a 54-23-5 record last season and has advanced to the conference finals twice in the past three years. He previously served as the vice president and alternate governor of the Detroit Red Wings.
Owner Jeff Vinik, Yzerman, and BriseBois will hold a press conference at 4:00 PM.
As for BriseBois, he's also been with the club since 2010 and has always been speculated to be in line for a GM position.
He will be replaced by assistant general manager Julien BriseBois. The Bolts lost the 2015 Stanley Cup Final to the Chicago Blackhawks in six games. "I can assure you everything will be done and nothing will be neglected in our pursuit to win the Cup".