The New York Rangers and coach Gerard Gallant have "mutually agreed to part ways," the team announced on Saturday.

Gallant, 59, was in his second year with the Rangers, having compiled a 99-46-19 record in the regular season. He coached them to the Eastern Conference finals in 2022, losing to the Tampa Bay Lightning. But the Rangers were a disappointment in the 2023 postseason, losing in seven games to the rival New Jersey Devils despite winning the first two games of the series.

"I want to first thank Gerard for his work and commitment to the Rangers during his time as head coach," Rangers general manager Chris Drury said in a statement. "After my evaluation of the season and discussions with Gerard, we mutually came to the conclusion that a change would be beneficial for both parties. I wish he and his family all the best in the future. Our search for a new head coach will begin right away."