An excerpt from TSN:

The Tampa Bay Lightning and general manager Jay Feaster have parted ways, as the club has negotiated a settlement on the remaining three years of his contract.

Feaster was hired by the Lightning in 1998 as assistant general manager to Jacques Demers and later to Rick Dudley. He was promoted to general manager in February of 2002.

“For the past two weeks I have watched from the sidelines as Brian Lawton, Len Barrie and Oren Koules executed to perfection the game-plan they shared with us prior to the NHL Draft in Ottawa,” said Feaster in a statement. “During that time it became apparent to me that this new ownership group did not need my advice or expertise, and I came to the conclusion that it was time to move on. When I expressed that sentiment to Oren and Len they immediately agreed to honor my contract and accept my resignation. I thank them for working with me through a difficult time and I wish them every continued success.”