Originally selected with the No. 257 overall pick in the 1994 NHL Draft by the Detroit Red Wings, Holmstrom spent the entirety of his career wearing the winged wheel on his chest. One of only five members of the franchise to be on all four of the Red Wings' most recent Stanley Cup teams, Holmstrom played in 1,026 regular season games and recorded 243 goals in addition to 287 assists for 530 total points over that span.
During the early months of the offseason, Holmstrom had expressed an interest in playing a 16th season.
Expressing a desire to only play for the Red Wings, Holmstrom apparently informed the team of his decision to retire during the course of the lockout. The team did not want to make the announcement during the work stoppage.
It is believed that the organization will hold a press conference to officially make the announcement prior to the start of the season.