Struggling Edmonton Oilers fire GM Peter Chiarelli

Less than 2 hours later, the announcement was made and the deal was done.

Oilers Entertainment Group CEO/vice chair Bob Nicholson will oversee hockey operations. Keith Gretzky take over in the interim, they aren't looking for a new permanent general manager right away.

The Oilers lost their third in a row on Tuesday night, falling to the Detroit Red Wings at home. Despite the losing record, the Oilers sit three points out of the playoff picture with 49 points.

Chiarelli is the second GM to be fired this season.

Chiarelli, seen above in 2015, had his tenure ended midway through his fourth season at the helm.

Before the Oilers' brass canned Chiarelli last night, the rumor mill was flooded with the message that the G.M. would make a dramatic last gasp trade to try and preserve himself and make the team more competitive. "We'll make some trades at the deadline if they're the right trades to get us in the playoffs, but not giving away the future". "We believe in the organization, we believe in the dressing room that we can", Nicholson added.

"We thought we had really turned the page and then we fell back", Nicholson said. "But there's something in the water here in Edmonton that we don't have right and we've got to get that figured out". They knew the team was going to be drafting a generational talent in Connor Mcdavid that June, and now they have a guy who has won a Stanley Cup and had a reputation as one of the most respected General Managers in hockey in charge of building the supporting cast.

"We're not going to trade any of our assets away for a quick fix".

Zuccarello, 31, is having a nice season for NY, and through 35 games he has 24 points, including eight goals and 16 assists.

But even though his name is attached to inexplicable transactions that landed players like Ryan Spooner (dispatched to Bakersfield, where he'll earn his $4 million this year and next), Brandon Manning (a sixth or seventh defenceman who makes $2.25 this year and next), the $6-million Milan Lucic, or paid all of Leon Draisaitl, Mikko Koskinen and Kris Russell at least $1 million too much annually, Chiarelli had help. "It was really felt that because of the way we were trending we had to make a change".