Brendan Shanahan needs a new plan. The same goes for the Toronto Maple Leafs.

The Maple Leafs said Thursday it would not renew Shanahan’s contract as president and alternate governor after more than a decade on the job and just two post-season series victories despite an embarrassment of high-priced offensive talent.

The 56-year-old was let go following the Original Six franchise’s elimination in the second round of this spring’s playoffs by the defending Stanley Cup champion Florida Panthers in an Atlantic Division matchup that included consecutive 6-1 home losses to seal Toronto’s fate.

The Leafs had plenty of regular-season success with an arsenal of stars – the so-called “Core Four” of Auston Matthews, Mitch Marner, John Tavares and William Nylander – under Shanahan, but went just 2-9 in playoff series with a top-heavy salary structure.