News straight out of Arlington: Adam Oates and George McPhee will not return next season.

Oates’ final record with the team: 65 wins, 48 losses, and 17 overtime losses. George McPhee’s Caps advanced past the second round of the playoffs just once, in his first year.

No word on replacements yet. We’ll keep you posted. In the meantime, we’ve recorded a video to say goodbye to Oates. It’s worth your time.

Bailamos!

Tonight we’re toast

And you can chalk it up to Adam Oates

But now he’s gone

And this song is about how he was wrong Just let the shots from outside

Don’t let the fourth line get ice

Two goal lead won’t last the night Adam Oates

Must the right wing be right-handed?

Adam Oates

Playing Ovi next to Beagle

Adam Oates

Let the door hit you on the butt

Adios

Freaking Ovi, freaking Beagle

Freaking Oviiiiii Oh oh oh

The power play

Oh oh oh

Doesn’t make up for even strength

Oh oh oh

The lineup choices made Freaking Ovi, freaking Beagle Adam Oates

The goalies are disgruntled

Adam Oates

Martin Erat, Dustin Penner

Adam Oates

Who cares about the stick curve?

Adam Oates

Freaking Ovi, freaking Beagle

Freaking Oviiiiiiii

And here’s your press release.

FOR IMMEDIATE RELEASE – April 26, 2014 Capitals Announce Changes to Front Office and Coaching Staff ARLINGTON, Va. – The Washington Capitals will not renew the contract of vice president and general manager George McPhee and have relieved head coach Adam Oates of his duties, majority owner Ted Leonsis and president Dick Patrick announced today. “George has been a terrific, longtime executive for our franchise, and I’m grateful for his commitment to the Capitals organization for the past 17 years,” said Leonsis. “Under his leadership the Capitals won seven division titles, twice were the top team in the Eastern Conference, earned a Presidents’ Trophy and competed in the playoffs 10 times. He was a highly effective manager who is extremely well regarded within our organization and around the NHL. We have the utmost respect for him and his family and wish them nothing but the very best. “We are also appreciative of Adam’s efforts and thank him for his devotion, work ethic and contributions to the Capitals the past two seasons. He is a smart, tactical coach who improved the performance of several of our players. He is a Hall of Fame player who we believe will be a longtime coach in the NHL. We will help him in whatever way we are able and wish him well. This is an important time for our organization, and I feel a change is needed in order to get us back to being a top echelon team that competes for the Stanley Cup.” Leonsis and Patrick will be available to the media today, April 26 at 4 p.m. in the Verizon Center media room. Media interested in attending today’s press conference are asked to contact Megan Eichenberg in the Capitals media relations department at meichenberg@washcaps.com to ensure building access.

And here’s the MP3.