The New York Islanders announced that they aren't renewing the contract of president and general manager Lou Lamoriello after the team failed to make the playoffs this season.

Minority owner John Collins will lead the search for a new GM, which will need to move prompt with much to accomplish this offseason.

Lou Lamoriello is out as general manager of the New York Islanders, after the team said Tuesday the longtime NHL executive’s contract was not being renewed.