"We would like to thank JD for his commitment and dedication to the Blues organization over the past six seasons," Blues chairman Tom Stillman said in a statement. "He has been instrumental in revitalizing the Blues franchise and has built a strong foundation for our organization, which will ensure the club’s success well into the future. He has also developed one of the top teams in the game today."
Davidson, 59, had three years left on a four-year contract he signed with the Blues last year, but had a stipulation that gave him a 30-day window to explore other opportunities in the event the Blues were sold. Stillman was approved as the Blues' new owner May 9.
"There's no animosity at all," Davidson said, according to The Associated Press. "When you see new ownership purchasing pro sports clubs, there's always going to be change. Tom and I have had a number of discussions. It took a while, but we found some common ground with our discussions ... we chatted about expenses and contracts and we just came to a conclusion that my contract would be a burden on the club."
Davidson left the broadcast booth for a chance to run the Blues in 2006. The rebuilding project culminated last season with the Blues winning the Central Division, finishing second in the Western Conference and reaching the second round of the Stanley Cup Playoffs, where they lost to the Los Angeles Kings.
"St. Louis has been nothing but outstanding to me and my family and we have enjoyed every minute here," Davidson said in a statement. "Although we did not accomplish the ultimate goal, I am proud of where this team is on and off the ice, and they are in excellent hands with this management team."
According to the Columbus Dispatch, Davidson interviewed with the Columbus Blue Jackets on May 29 for an unspecified position in their front office. He met with majority owner John P. McConnell and president Mike Priest.
“I’d meet with them again, absolutely," Davidson told the newspaper Friday. "We had a very productive discussion, just sharing thoughts and getting an understanding for what they feel about their franchise. I liked what I heard from them, and I liked what I saw that day."
However, Davidson told the St. Louis Post-Dispatch he had no immediate plans, saying he was open to opportunities in management and broadcasting.
"I haven't got the faintest idea," Davidson told the Post-Dispatch of what might be next for him. "The phone can ring ... I'm listening. I just got to make sure that whatever it is, it's a good situation. It's going to have to be a good place to move to, whether it's back to New York or another city. We'll see, I don't know.
"We all go through chapters in life. Everybody can take a book, everybody's life can be a book with chapters. This chapter here [in St. Louis] was a 10, I'll tell ya. It was great."