The question begging to be answered is: Stevie, why?
At this stage we have to take him at his word and he wants to be with his family more. Although you have to wonder why he wouldn't have a long term contract to remain with the organization in place upon this announcement.
It seems clear to me that the organization could not get Yzerman resigned and feared he is leaving the organization at the end of the season. Couple that theory with the need to retain Julien Brisebois - the new GM and long considered GM candidate - especially with French markets Ottawa and Montreal in disarray. The organization could not risk losing both.
So what is next for Steve Yzerman?
The immediate thought is Detroit. Could Yzerman be returning to the organization he starred with on the ice? They are in a rebuild, though GM Ken Holland, Yzerman's mentor, is still in place. The Red Wings likely would have made this move by now if this was really happening.
Fact is Steve Yzerman is so highly regarded as a manger that he could work wherever he wants to. Stepping down in Tampa Bay while still on the cusp of accomplishing the final goal of winning the Stanley Cup makes no sense unless it's Detroit. He is forever a Red Wing regardless where he works off the ice.
I have to wonder if the prospective Seattle ownership group has made a play here. If not, they should. The challenge of building a team truly from the bottom up - not to mention Yzerman's ties with Seattle CEO and president Tod Leiweke - could entice him.
One day we will find out the whole story. Probably someday relatively soon.