Kings coach Darryl Sutter

The Kings and Darryl Sutter have agreed on a new contract. A team spokesman said a formal announcement would be made Friday. Terms were not immediately available. Sutter’s three-year contract was due to expire July 1 and Kings general manager Dean Lombardi said last week there was a “very fair” offer on the table. The Los Angeles Times first reported the agreement Thursday afternoon.

Sutter is 186-112-45 in four-plus seasons with the Kings. He led the team to Stanley Cup championships in 2014 and ’12. The San Jose Sharks eliminated them in the first round of the playoffs this season, and there’s been plenty of speculation in recent days and weeks that the Kings’ roster could undergo a major shakeup for 2016-17. The head coach will remains the same, however.

“Failure is the best teacher,” Lombardi said last week. “So it’s very simple for every part of this organization right now … We have to look at ourselves in the mirror and admit that these two things happened, and now we have to get back on that path – the innovation, the spark, the challenge that was there seven years ago and we were coming from the gutter. You’ve got to get it back.”