The Detroit Red Wings have announced that they have extended the contracts of Executive Vice President and General Manager Ken Holland and Assistant General Manager Jim Nill for another five years.
In keeping with team policy, financial details of the contracts were not disclosed.
"Kenny and Jim have been the core of our front office for well over a decade and cornerstone to this franchise's success," explained Owner Mike Ilitch. "Marian [Illitch] and I feel strongly that stability is key to success for any organization and having these new agreements in place with these two top-notch NHL executives is important to the Red Wings organization and its future. They are committed professionals and outstanding individuals, and we have great respect for their respective talents. We're pleased they will continue to lead our hockey club for the next five years."
Ken Holland has been a member of the Red Wings organization for the past 27 years, spending the last 13 as their General Manager.
Holland first took over the GM job in the summer of 1997; the year the Red Wings ended their 42-year Stanley Cup drought.
Under Holland, the Wings repeated as Cup champions the following year and have won two more championships since (2002, 2008).
Holland has been one of the most respected and sought after GMs over the past decade, and is known as one of the most affable, professional, and shrewd executives in hockey.
Prior to the salary cap era (2005-06 - present), Ken Holland was adept at securing top free-agent talent and negotiating long-term contract extensions for his current players. Post salary cap, Holland has been able to continue Detroit's excellence by securing key role players through free-agency and securing current star players with "life-time" deals to remain with the Wings.
Assistant GM Jim Nill has worked under Holland for nearly his entire tenure as GM.
Hired in 1998, Nill has previously work as Detroit's director of player development for four years. Nill oversees all of the team's amateur scouting efforts and is responsible for managing the team's NHL entry draft selection process.
Jim Nill's value to the team has steadily increased throughout his tenure, primarily due to his involvement in late round selections of players like Henrik Zetterberg (taken 210th overall in the seventh round of the 1999 entry draft) and Pavel Datsyuk (taken 171st overall in the sixth round of the 1998 entry draft), who have since become franchise players, as well as two of the best two-way players in the NHL.