Flames general manager Brad Treliving announced Tuesday that coach Bill Peters has not been fired, citing an ongoing investigation into whether Peters directed racial slurs toward a former player.

Treliving cited the "serious nature" of the investigation, saying that the Flames "take it with extreme seriousness."

Sportsnet reported earlier Tuesday that the Flames had fired Peters, but Treliving told reporters he "has not been relieved of his duties; we are continuing this ongoing investigation right now."