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Lou Lamoriello isn't planning on leaving the Toronto Maple Leafs anytime soon.

"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 in a statement. Team President Brendan Shanahan says he is sticking to a plan that calls for the 75-year-old Lamoriello to serve as GM for three years and then transition to become a senior adviser.

"I felt what was best for the organization if I were to make a decision [to change general managers] was to make one early", Shanahan said.

Lamoriello and Shanahan are expected to provide more details on a conference call this afternoon.

Under Lamoriello's watch, Toronto gained a playoff berth in each of the past two seasons, and has improved its regular-season point totals from 69 in his first season to 95 and a franchise-record 105 this season on the strength of 49 victories.

"Seeing how the franchise has grown as far as winning", Lamoriello said of his biggest point of pride.

Toronto, which was a team that had made the postseason one time in the previous 10 seasons, brought him on prior to the 2015-16 season on a three-year contract.

Futa has spent the last 11 years in the Kings organization, and was promoted to assistant GM last April.

That's what makes this such a bold decision for Brendan Shanahan.

In the ensuing 28 years, the Devils made the playoffs 21 times and won three Stanley Cups.

Lamoriello and Shanahan have had a close relationship since the former drafted the latter into the Devils organization in the 1987 National Hockey League entry draft.

Shanahan said he doesn't have a timeline for filling the GM position. "Just handling one thing at a time". What remained unclear Monday is who might replace Lamoriello as GM.

Hunter, 55, joined the Maple Leafs as player-personnel director in October 2014 and was promoted to assistant GM in August 2016.

Lamoriello's possible availability provided a glimmer of hope that the Islanders could swoop in and grab the Hall of Famer considering he has connections to the team.