Bill Peters has decided to resign from his position as the Carolina Hurricanes’ head coach.

Peters posted a record of 137-138-53 in four seasons behind the Hurricanes’ bench, including a 36-35-11 mark this season.

Peters had one season remaining in his contract with Carolina, but he had an opt-out clause and this was the final day that he could exercise it. There has been reports that Peters is the leading candidate to become the Calgary Flames’ new head coach, so perhaps that will come to pass in the days to come. “I want to thank Tom Dundon, Peter Karmanos and Ron Francis for the trust they put in me to lead the team,” said Peters. “I feel the incoming general manager should have the ability to hire his own head coach. I also want to thank Don Waddell and the entire front office and PNC Arena staff. This business requires hard work and long hours, and I greatly appreciate the efforts of the many people I have worked alongside during the past four years. We enjoyed our time in Raleigh, and my family will always feel a connection to North Carolina. I feel like this is a good time to move on, and I am looking forward to my next challenge.”