"The on-ice results of our team this season are not acceptable to our fans, our organization or our ownership group. We will not lower our expectation that every San Jose Sharks team we put on the ice is capable of winning the Stanley Cup. Despite the fact that our team has experienced a tremendous amount of success over the past eight seasons, we are not satisfied with those results and neither is Doug. The ownership group has confidence that Doug will make the necessary changes to ensure our club remains among the NHL’s elite franchises.”