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Reports: Ken Holland leaving Red Wings to become Oilers GM

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(WXYZ) -- Ken Holland is leaving the Detroit Red Wings to become the new general manager of the Edmonton Oilers, TSN reports.

Holland will sign a five-year, $25 million deal and could be introduced as soon as Tuesday, according to a report by Ryan Rishaug.

According to TSN's Darren Dreger, Holland plans to inform the Red Wings and the Ilitch family of his decision on Sunday.

Holland, who spent the past 22 seasons as Red Wings general manager, was named the team's Senior Vice President on April 19 upon Detroit's hiring of Steve Yzerman as its new GM.