The Boston Bruins, who appear destined to miss the playoffs for the first time in five years, fired general manager Mike O'Connell on Saturday.
TSN of Canada broke the story on its Web site. Assistant general manager Jeff Gorton has been named interim GM of the club.
The Bruins will make a formal announcement at 6 p.m. ET.
With Friday's 4-2 loss to the Devils, the Bruins fell 10 points behind Atlanta for the eighth and final Eastern Conference playoff spot with 11 games to go. The Bruins have lost three straight games and 14 of their last 18.
The Bruins fancied themselves Stanley Cup contenders when O'Connell spent to the edge of the $39 million salary cap for this season.
O'Connell had been under the gun more than coach Mike Sullivan, given that he sold normally frugal owner Jeremy Jacobs on a possible Stanley Cup run with free agents such as Brian Leetch and Alexei Zhamnov.
I would have thought that him trading Joe Thornton for a bag of magic beans would have been the reason, yet they make absolutely no mention of it.
That's gonna go down as one of the worst trades of all time.