Hull was born August 9, 1964, in Belleville, Ontario. His father, Bobby, was a long-time professional hockey player in both the National Hockey League (NHL) and World Hockey Association (WHA). His mother, Joanne (McKay), was an American professional figure skater and taught him how to skate. He has three brothers: Bobby Jr., Blake and Bart, and a younger sister: Michelle.

Hull worked two jobs in 2006-07. He served as a special assistant to the team president of the Dallas Stars and provided studio analysis for NHL on NBC telecasts. He left NBC after one season when he was named a special adviser to the team's hockey operations department. Hull was promoted to interim co-general manager of the Stars, sharing the role with Les Jackson after Doug Armstrong was fired on November 13, 2007. ESPN analyst Scott Burnside criticized the promotion of Hull, noting his lack of front office experience and questionable work ethic.  The pair made one of the most prominent trades in the 2007-08 NHL season, acquiring Brad Richards from the Tampa Bay Lightning as part of a five-player trade. The team went on to reach the Western Conference Final of the 2008 Stanley Cup Playoffs, the Stars' deepest playoff run in eight years. Team owner Tom Hicks rewarded the pair with three-year contracts and named them permanent co-general managers. He credited Hull for his positive relationship with the players and his "unconventional wisdom".  The signing of controversial forward Sean Avery prior to the 2008-09 season proved a turning point for Hull and Jackson. Avery's erratic behavior created divisions within the team's locker room, particularly after he made derogatory comments towards another player's girlfriend in the media. The Stars missed the playoffs that season, leading the team to replace Hull and Jackson as general manager with Joe Nieuwendyk. Hull remained with the organization, serving as an adviser to Hicks and team president Jeff Cogen. Hull has since been hired by the St. Louis Blues as their executive vice president over business development.

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The team went on to reach the Western Conference Final of the 2008 Stanley Cup Playoffs, the Stars' deepest playoff run in eight years.