Barry Trotz was named head coach of the New York Islanders on Thursday, two weeks after helping the Washington Capitals win the team's first Stanley Cup.

"Barry brings to the New York Islanders franchise a tremendous amount of knowledge, experience, and success," Islanders general manager Lou Lamoriello said in a release. "He is and has been one of the top coaches in the National Hockey League. I am excited to have the opportunity to work with him."

The deal is believed to be for five years with an annual average of at least $4 million, according to Sportsnet's Elliotte Friedman. In terms of annual earnings, that would put Trotz just below Montreal Canadiens head coach Claude Julien, who reportedly makes $5 million, and above the Edmonton Oilers' Todd McLellan, who reportedly makes $3 million, according to Cap Friendly.

Trotz resigned from his position with the Capitals on Monday after the two sides failed to come to terms on a contract extension. His signing with the Islanders means Washington is the only team officially without a head coach.

He's coming off his fourth year with the Capitals, in which they collected a third straight Metropolitan Division title and the franchise's first Stanley Cup.