The Colorado Avalanche announced a press conference for 3 p.m. ET on Friday, where team governor Josh Kroenke will make an announcement regarding the club's front office.

The Denver Post is reporting that announcement will involve Hockey Hall of Famer Joe Sakic to be introduced in a new role with increased responsibilities. Sakic currently serves as an executive advisor and alternate governor, a role he's held since March 25, 2011.

Sakic spent his entire NHL career with the franchise, dating to its days as the Quebec Nordiques. He retired following the 2008-09 season with 1,641 points, eighth-most in NHL history. He led the Avalanche to a pair of Stanley Cups, and served as team captain for 17 seasons.