My understanding was of the whole situation was that in the spring following the 07/08 season, both Stasiuk and Dyck were offered the options in their contracts. Stasiuk took his option and Dyck turned his down. Obviously hoping the 08/09 season would be a success and put him in a position of strength for coaching jobs around this league and others. Unfortunately the 08/09 season was a complete failure with the talent that was on that team. Barely making the playoffs and going out in the second round.
Stasiuk, who had the option he had taken left on his contract, was fired and Dyck's contract was left to expire. The decision of the new coach was to be put to the new GM. who immediately hired himself as coach. Obviously a bigger cheque to him having both jobs.