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Jacques Martin reportedly will not coach the Florida Panthers next season. ((Wilfredo Lee/Associated Press))

Jacques Martin reportedly will relinquish the head coaching reins of the Florida Panthers next season.

According to the Miami Herald, Panthers owner Alan Cohen confirmed Thursday night that Martin will retain his duties as general manager.

"More than anything, we needed a change as coach," Cohen told the Herald. "Jacques has done a good job as GM, that is the bottom line."

Martin, 55, was hired by Cohen as the ninth head coach in franchise history on May 26, 2004, and later took over the GM's portfolio from Mike Keenan, who resigned on Sept. 3, 2006. 

Florida posted a 38-35-9 record this season, and finished nine points behind the front-running Washington Capitals in the Southeast Division.

The Panthers went 37-34-11 (2005-06) and 35-31-16 (2006-07) in Martin's first two seasons behind the bench.

Martin, from St. Pascal, Ont., previously served as the head coach of the St. Louis Blues (1986-88) and Ottawa Senators (1995-2004). 

He is Ottawa's all-time leader in games coached (692), wins (341), playoff games coached (69) and playoff wins (31).

With files from the Associated Press