In 1989, Deraney joined the coaching staff of
Northeastern University men's hockey team, as an assistant coach to Don McKenney. Deraney joined the staff of
Dartmouth College in 1990 as a recruiting coordinator and an assistant coach who worked with forwards, defensemen, and goalie. Although Dartmouth only won one game in Deraney's first season with the team, he helped reshape the team. Dartmouth finished the season ranked 45th in
Division I, but by the time Deraney left the program in 1993, Dartmouth was ranked 29th nationally. Aside from his coaching duties within the NCAA, Deraney coached several national teams. Since 1989, he has been a member of USA Hockey national men's and women's player development programs. In 1996, he was a member of USA men's world junior team staff. In 1998, he was part of the men's USA Select team staff and was a coach at the USA women's national camp. Deraney also runs Deraney Hockey Schools, located at
Providence College. In 2018, Deraney was named the second head coach of the
Shenzhen KRS Vanke Rays, a China-based team in the professional
Canadian Women's Hockey League (CWHL). During the 2018–19 season, he left the position to return the United States while retaining player development position with the team. ==Personal==