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Lightning sign GM Yzerman to four-year extension

Apr 7, 2014, 4:00 PM EDT

yzerman tampa

The Tampa Bay Lightning gave GM Steve Yzerman a huge show of support on Monday, signing him to a four-year contract extension with one year remaining on his current deal.

“Since the day Steve agreed to serve as our vice president and general manager, he has worked tirelessly to transform our hockey department and establish the groundwork for sustained success,” Lightning owner Jeff Vinik said in a statement, announcing that Yzerman’s now signed through the 2018-19 campaign. “We are very pleased with Steve’s job performance thus far, and I am fully confident Steve remains the right person to continue to lead us.”

Yzerman, 48, took the Bolts’ GM gig in the spring of 2010 and has enjoyed a good amount of success in his first four years on the job. The Lightning have reached the playoffs twice — which included going to Game 7 of the 2011 Eastern Conference finals — and Yzerman has done well grooming and transitioning players through the club’s minor-league system (winning the Calder Cup with Norfolk in 2012.)

“I’m grateful for the opportunity to continue the process we started four years ago and would like to thank Jeff Vinik for entrusting me with the responsibility of leading the Tampa Bay Lightning,” Yzerman said. “I’m very excited about what lies ahead for our organization and truly enjoy working with a fantastic group of people in Tampa Bay.”

Some other noteworthy moves from the Yzerman era:

— Trading ex-captain Martin St. Louis to the New York Rangers in exchange for Ryan Callahan and a 2015 first-round pick.

— Signing current captain Steve Stamkos to a five-year, $37.5 million extension in 2011.

— Acquiring No. 1 goalie Ben Bishop from Ottawa in exchange for Cory Conacher.

— Signing Valtteri Filppula to a five-year, $25 million deal this past summer.

— Buying out the remainder of Vincent Lecavalier‘s 11-year, $85 million contract.

— Dismissing Guy Boucher (who he hired shortly after taking the GM post) and replacing him with Jon Cooper, who has gone 47-35-12 in his first 94 games on the job.

Yzerman has also been lauded for his work as GM of the last two Canadian Olympic teams, which captured gold in both Vancouver (2010) and Sochi (2014). Yzerman has said he won’t be back as Canada’s GM in 2018.

  1. isphet71 - Apr 7, 2014 at 4:26 PM

    Just in time for Ken Holland to finish his run as Wings GM and for the Wings to pick up Stevie!

    Stevie will always be not only welcome in Detroit, but coveted as the heir apparent. Even if that isn’t fair to Tampa Bay, and even if he builds up enough loyalty to stay in Tampa forever.

    • jpelle82 - Apr 7, 2014 at 4:56 PM

      its a lot colder in detroit in the winter than it is in tampa. he’s got a pretty sweet gig there

  2. convincedofthehex - Apr 7, 2014 at 4:51 PM

    Yeah, living in Detroit versus living in the Tampa Bay area. That’s a no brainer, SMH.

  3. letsgolightning - Apr 7, 2014 at 5:14 PM

    Pictured: PHT leaks new Lightning logo

  4. terrier92 - Apr 7, 2014 at 5:37 PM

    Great move by Tampa to lock up Steve Yzerman. He appears to be doing a great job in Tampa that is a good thing for hockey in general. I wish hem and Tampa great success except when playing Bruins.

  5. billiam55 - Apr 7, 2014 at 6:14 PM

    This guys a good GM. great move by Tampa. Hes the type of GM my rangers need. still got sather……..not dead yet.

  6. boltsfan777 - Apr 8, 2014 at 10:27 AM

    He’s helping to build a great organization, regardless of what happens in the playoffs this year. I love how he makes moves based on the long term when possible, so the Lightning don’t become just a one-hit wonder. Yzerman and Vinik are a great team, and respected in the community.

  7. georgejarkko - Apr 8, 2014 at 10:40 AM

    Why only four years?

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