Putting an end to months of speculation, the Phoenix Coyotes and captain Shane Doan agreed on Friday to a 4-year contract.
No financial terms were disclosed, but multiple reports, including the Arizona Republic, state it is worth $21.2 million with a $2 million signing bonus.
"We are thrilled to sign Shane to a long-term contract," said Coyotes general manager Don Maloney. "Shane is our captain and the heart and soul of our franchise. He is the consummate professional and one of the best leaders in the NHL. His loyalty, commitment, integrity and passion for the game epitomize everything you'd want in a player. It was a priority for us to sign him to a long-term deal so that he can play for the Coyotes for the remainder of his career."
The native of Alberta finished last season with 22 goals and 50 points in 79 games, adding five goals and nine points in 16 postseason appearances as the Coyotes reached the Western Conference Finals for the first time in franchise history.
Doan's previous deal, a 5-year contract worth a reported $23 million signed in July of 2007, expired in the offseason, making the 35-year-old an unrestricted free agent.
He drew interest from as many as 11 different teams, and went so far as to meet with representatives of the Rangers and Flyers, but still maintained he wanted to stay in the Valley of the Sun to finish his career.
In recent weeks, Doan also made it clear that he was only going to remain with the franchise if a deal was struck to find new ownership. That came to fruition when Greg Jamison secured enough funding for the purchase earlier this month.
"I'm extremely excited about remaining a Coyote," said Doan. "I was drafted by this organization and it means a great deal to me to be able to play with the same franchise my entire career. I'm very excited about our team, our coaching staff and our management and am confident about our future in Arizona. I chose to stay with the Coyotes because I am committed to winning here, not anywhere else and I love living and playing in the Valley. This is my home and this is my team."
For his 16-year career, Doan has scored 318 goals and registered 470 helpers in a franchise-record 1,198 games with the club.
Doan was originally drafted by the Winnipeg Jets in 1995, and is the only active player on the Coyotes' roster that made the move to Phoenix when the franchise relocated in 1996.