The Canucks won't exercise their option for head coach Rick Tocchet, but the franchise has offered him a new, more lucrative contract, president Jim Rutherford said.

Vancouver Canucks head coach Rick Tocchet officially has a decision to make this offseason. On Monday, president of hockey operations Jim Rutherford announced that Vancouver will not exercise the club option on Tocchet's contract for next season.

The Canucks have declined the option in Rick Tocchet's contract, reopening the Flyers rumors as his former team needs a coach.