He will be replaced by assistant general manager Julien BriseBois.
Steve Yzerman is stepping away from his role as general manager for the Lightning, according to multiple reports.
The Lightning have not confirmed the news yet but have scheduled a press conference for 4 p.m. for a "major announcement" involving owner Jeff Vinik, Yzerman and BriseBois.
In a National Hockey League stunner, Steve Yzerman will step down as Tampa Bay Lightning general manager just days before the start of training camp, the team announced on Monday. At a news conference at Amalie Arena, Yzerman says the decision allows him to spend more time with his family and that BriseBois is "more than ready" to succeed him.
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Yzerman has served as the club's general manager (and VP) since 2010, becoming one of the most successful and well-respected executives in the league.
"With some time to reflect, to do the job the way it needs to be done - the way I feel it needs to be done - and ultimately to be with my family as well, it's becoming hard to do, hence the decision", Yzerman told reporters at a press conference in Tampa.
The Lightning made it to the Stanley Cup Final in 2015, but have struggled to make it back. He's widely regarded as a strong hockey mind and joined Tampa Bay in 2010 when he was hired from the Montreal Canadiens. "Again, entirely speculation. And Ken Holland has a two-year extension with the Red Wings". He promoted Jon Cooper to head coach in 2013, re-signed captain Steven Stamkos and locked up defenceman Victor Hedman to a long-term deal in 2016. He's also had success developing homegrown talent, like Brayden Point and goaltender Andrei Vasilevskiy, a Vezina Trophy finalist this past season. Yzerman is expected to stay in the organization as an advisor to the GM.
"Over the course of the last couple of years, there's been moments to reflect on my situation", Yzerman said.