Ladies and gentlemen, the wait is over. This is a developing story and we will have more as it becomes available.

Steve Yzerman, Detroit Red Wings legend, will become the Tampa Bay Lightning's sixth general manager this afternoon, replacing dismissed GM Brian Lawton and following in the footsteps of former GM's Jay Feaster, Rick Dudley, Jacques Demers and Phil Esposito.

We've been waiting, waiting, waiting... And early this morning a news release from the Lightning announced the scheduling of a press conference for this morning. Various reports have also come out, and Jeff Vinik's wish of silence can no longer be kept in check.

Of course, at this point, this silence has turned into a hell of a marketing tool, as the hriing is not only a huge name -- but there is huge hype around someone finally filling the position.

Steve Yzerman's name had been tied to the Lightning GM role since a report surfaced weeks ago from TSN. Other names that had come out of the woodwork had been Pierre McGuire, Ron Hextall, Doug Risebrough and dark-horse candidate Claude Loiselle. But the one truth that prevailed since rumors first sprung up about Yzerman, was the truth of silence. Jeffrey Vinik did not want negotiations playing out in the media, or names leaked to the media.

[Note by John Fontana, 05/25/10 11:16 AM EDT ] Sportsnet.ca's Nick Kypreos reports via Twitter that Yzerman rejected the Lightning job multiple times, until the offer became too good to refuse. An ownerships take in the club is also potentially there.

[Note by John Fontana, 05/25/10 1:36 PM EDT ]As it stands right now, www.tampabaylightning.com will be streaming the press conference live online. The NHL Network will also have it. It's likely Bay News Nine or Bright House Sports Net will be presenting the presser