Maple Leafs president Brendan Shanahan released a statement Monday saying Lou Lamoriello will not return as GM for next season.
With Islanders co-owners John Ledecky and Scott Malkin looking to hire a top hockey executive to their front office, Lamoriello has been among the possible candidates.
However, Shanahan pointed out in his press release that it was always the plan to have Lamoriello on as GM for three seasons before converting to Senior Advisor for the next four years.
"Three years ago, Lou and I agreed on a contract that would see him serve as general manager of the Maple Leafs for three years and then transition to senior advisor for the following four years," Shanahan said. "This morning I informed Lou that I was not going to deviate from that course of action. I will now focus all of my attention towards making a decision regarding our next general manager."
Lamoriello reiterated Shanahan's statement during a media conference call, where he said he intends to honor his agreement.
"First of all, my responsibility is right here with the Toronto Maple Leafs," he told TSN's Pierre LeBrun. "I made an agreement and a decision three years ago and it's my intent to honour that."
Though it doesn't appear likely at the moment, if Lamoriello decides he is best suited elsewhere, he does have Islanders connections with the main one being his son, Chris, is the team's assistant GM.