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Ted Nolan was fired by the New York Islanders on Monday. ((Bruce Bennett/Getty Images))

The New York Islanders fired head coach Ted Nolan on Monday.

Islanders general manager Garth Snow cited "philosophical differences" as the reason for the firing of Nolan, who had one season remaining on his contract.

"Ted has helped us achieve some success over the last two seasons, however, it has become clear that we have philosophical differences and have decided together to part ways," said general manager Garth Snow.

"Since last season and continuing into the summer, I have realized we do not share the same philosophies. I would like to thank Ted for his two years with the team and wish him the best.

Nolan, who coached the Buffalo Sabres from 1995-97, said he was disappointed that he would not be coaching the Islanders next season, but "there have been philosophical differences and we've agreed it's a good time for me to move on."

"I want to thank the Islanders organization for giving me a chance to coach in the NHL again. I have tremendous respect for what the team is trying to do and I wish them well."

Snow will begin an immediate search for Nolan's replacement.

"I have a list of several qualified candidates. After a thorough process, we will hire the very best coach to lead the Islanders on the ice," said Snow.

The Islanders sported a 75-68-21 record in two campaigns under Nolan, and missed the playoffs last season when the club finished 13th in the Eastern Conference.

With files from the Associated Press