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After ten seasons and two Stanley Cups, the Pittsburgh Penguins have decided to part ways with head coach Mike Sullivan.

The oddsmakers at BetOnline.ag have set odds for this head coaching vacancy.

The Penguins organization released the following statement on Monday:

"On behalf of Fenway Sports Group and the Penguins organization, I would like to thank Mike Sullivan for his unwavering commitment and loyalty to the team and City of Pittsburgh over the past decade," Dubas said. "Mike is known for his preparation, focus and fierce competitiveness. I was fortunate to have a front-row seat to his dedication to this franchise for the past two seasons. He will forever be an enormous part of Penguins history, not only for the impressive back-to-back Cups, his impact on the core of Sidney Crosby, Evgeni Malkin, Kris Letang and Bryan Rust, but more importantly, for his love and loyalty to the organization. This was not a decision that was taken lightly, but as we continue to navigate the Penguins through this transitional period, we felt it was the best course forward for all involved."