Roy, who confirmed to the newspaper that he was offered at least the opportunity to be Colorado's new coach, turned it down in a phone conversation with Avalanche President Pierre Lacroix late Tuesday night, citing family reasons, according to the report.
It was also reported earlier this week that Roy was offered the job to fill Colorado's vacant general manager post, but the Post's article states Roy will return to the Quebec Remparts of the Quebec Major Junior Hockey League.
TSN is reporting that Roy is holding a noon press conference Wednesday in Quebec to confirm he is returning to the Remparts as both coach and general manager. Tony Granato remains Colorado's coach for now as the search for a GM continues.
Roy's two boys, who each played for him in Quebec, are embarking on new adventures. Jonathan Roy is starting a music career. Frederick Roy is moving to Southern California for school and to try to be an actor.
"I just want to make sure that I'm there to support them," Roy told the Post. "If I were to take that (Avs) job, it would have been very demanding on my time. Everybody who knows me knows, if I would have taken this job, I would have worked extremely hard at it and it would have been a great challenge."
Roy said his decision was not made out of a lack of confidence and added that working in the Avalanche organization in the future is still very much an option. He won two Stanley Cups as a goalie for the Avalanche after winning two with the Montreal Canadiens.
"I felt pretty comfortable moving up, but the family situation is just not quite there for me right now," Roy told the newspaper. "When it comes to family, it's always easier to make a decision. But don't get me wrong, I have the Avalanche at heart. There're two very special organizations for me - Montreal and Colorado - and it's never easy. I would have seen it as a great challenge. But the door is not closed, that's for sure."
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