Published 12:18 pm ET April 20, 2018 | Updated 2:35 pm ET April 20, 2018
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"I feel like a good time to move on," Peters said in a statement from the team, "and I'm looking forward to my next challenge."
Peters went 137-138-53 in his lonely coaching job in the NHL. He had one more season of contract renewal, which he signed in 2016.
New team owner Tom Dundon said he has "a lot of respect for the bill as a person and coach."
The movement leaves the hurricanes looking for a new general manager and head coach. Hall of Fame player Ron Francis was transferred to another front-office position during the season.
"I think the incoming general manager should have the opportunity to hire his own head coach," said Peters, who was hired by Francis in 2014
53-year-old Peters is considered a candidate for further openings around the League – including a team in his home province.
The Calgary Flames have fired Glen Gulutzan earlier this week after missing the playoffs in his second game of the season. Born in Three Hills, Alberta, Peters played college hockey in Red Deer College under Mike Babcock – and eventually hired him as assistant to the Detroit Red Wings.
Peters left four Red Wings employees years ago to complete his first NHL head coaching job at Carolina, but was unable to finish the team's playoff losing streak, which at nine years old is one of the longest in NHL history.
The Hurricanes have made the postseason only once in the 2006 Stanley Cup, and only twice in 15 seasons. This will be her third change of coach since her last playoff appearance in 2009.
Carolina, who is expected this season as a playoff team, finished 14th in the postseason and sixth in the Metropolitan Division with eight teams.  Over the past four months, there have been many changes for the Hurricanes, who will have sales in three key areas of the organization team.
Long-time owner Peter Karmanos Jr. sold the majority stake in the team in January to Dundon the Dallas billionaire shook things up as he assigned Francis to the role of hockey presidential president. The new GM will report directly to Dundon.
Peter's frustration became apparent after he had struck a 3-1 defeat by San Jose in February, giving them a chance to play off. After this game, Peters called his team out, using the word "disappointing" over and over again, promising line-up changes that never came.
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September 18, 2019
September 18, 2019