The Philadelphia Flyers have hired Rick Tocchet as their next head coach, it was announced Wednesday.
The framework of the deal puts Tocchet among the highest-paid coaches in the NHL, sources told ESPN.
"I am very happy to welcome Rick Tocchet as our head coach," general manager Daniel Briere said in a statement. "During this process it became clear that Rick was the absolute right coach to lead our team. He has enjoyed the highest level of success both as a player and coach.
"Rick's ability to teach and understand his players, combined with his passion for winning, brings out the best in young players at different stages of their development and has earned the respect and confidence of highly talented All-Stars and veteran players alike.