PHOENIX -- The Phoenix Coyotes have agreed to a long-term contract extension with coach Dave Tippett.
Tippett had reportedly wanted to wait to see what happens with the uncertain ownership situation before making a decision to stay with the Coyotes.
The Coyotes have gone 156-96-42 and made the playoffs three times in Tippett's four seasons with the team, despite the fact the franchise was owned by the NHL and had strict financial restrictions during that time.
In 2011-12, the Coyotes went 42-27-13, won the franchise's first division title and advanced to the Western Conference finals for the first time in team history.
Earlier this year, the team reached a long-term deal to extend the contract of general manager Don Maloney.
Tippett was out of town Friday, and the team scheduled a news conference on Monday for him to talk about the new contract.
In a statement released by the Coyotes, the 51-year-old coach said he's "thrilled to stay with the Coyotes."
"Don has done a very good job of assembling a great staff and group of players here and I like the direction we are headed," Tippett said. "We've started to build a strong foundation and we are both looking forward to continuing to build a winning team here in the Valley and taking the next step as a first-class organization."
Tippett has long talked about the need to settle the ownership issue.
-- The Associated Press