Mike Babcock was hired Wednesday as coach by the Toronto Maple Leafs.
Terms of the contract were not released, but Sportsnet and TSN reported that Babcock, who spent the past 10 seasons coaching the Detroit Red Wings, has agreed to an eight-year contract worth approximately $50 million.
He will be introduced Thursday at a press conference at Air Canada Centre.
"I think Mike Babcock is a phenomenal coach and we're really lucky to get him," Tim Leiweke, president and CEO of Maple Leafs Sports and Entertainment, said in video posted by Sportsnet. "As everyone knows we weren't the only one bidding for his services."