Less than two weeks after Barry Trotz helped deliver the first Stanley Cup in Caps' history, the veteran head coach has chosen to resign in a decision that stunned the hockey world Monday afternoon.
Under the terms of the four-year contract Trotz signed in 2014, winning the Cup at any point during the duration of the deal triggered a two-year extension. But with coaches' contracts having exploded in value in recent years, Trotz's representatives sought to negotiate a new extension for a bigger salary and a longer term.
The sides attempted to hammer out an agreement in recent days that would appease both the team and the coach but failed, leading to Trotz's decision to step down.
Shortly after the team announced that Trotz would resign, the coach released the following statement via his agent, Gil Scott:
"After careful consideration and consultation with my family, I am officially announcing my resignation as Head Coach of the Washington Capitals. When I came to Washington four years ago we had one goal in mind and that was to bring the Stanley Cup to the nation's capital.
"We had an incredible run this season culminating with our players and staff achieving our goal and sharing the excitement with our fans. I would like to thank Mr. Leonsis, Dick Patrick and Brian MacLellan for giving me the opportunity to be a part of this great organization. I would also like to thank our players and staff who worked tirelessly every day to achieve our success."
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